Politics
Banks Wrap Up Loan Backing SoftBank’s $5.4 Billion Robotics Bet
Key Points
Banks Wrap Up Loan Backing SoftBank’s $5.4 Billion Robotics Bet A group of banks wrapped up a loan offering backing SoftBank Group Corp.’s $5.4 billion robotics bet after increasing the size of the US dollar tranche. The $1.75 billion-equivalent debt package, comprising dollar and euro term loans, priced at a margin of 4.25 percentage points over the respective benchmarks, at the wide end of initial talk, according to a person familiar with the matter.
Banks Wrap Up Loan Backing SoftBank’s $5.4 Billion Robotics Bet
A group of banks wrapped up a loan offering backing SoftBank Group Corp.’s $5.4 billion robotics bet after increasing the size of the US dollar tranche.
The $1.75 billion-equivalent debt package, comprising dollar and euro term loans, priced at a margin of 4.25 percentage points over the respective benchmarks, at the wide end of initial talk, according to a person familiar with the matter.