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Reuters
Reuters
Business

SoftBank secures $23.3 billion refinancing for Sprint and ARM buys

The logo of U.S. mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California August 3, 2015. REUTERS/Mike Blake /File Photo

TOKYO (Reuters) - Japan's SoftBank Group Corp <9984.T> said on Thursday it has secured a 2.65 trillion yen ($23.3 billion) senior loan agreement to refinance the acquisition loans for U.S. telco Sprint Corp <S.N> and British chip designer ARM.

SoftBank said the loan's maturity is Sept. 30, 2024.

SoftBank Group Corp. Chairman and CEO Masayoshi Son speaks at the Bloomberg Global Business Forum in New York City, U.S., September 20, 2017. REUTERS/Brendan McDermid

($1 = 113.8400 yen)

(Reporting by Taiga Uranaka)

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