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Banks Wrap Up Loan Backing SoftBank’s $5.4 Billion Robotics Bet

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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.
Banks Wrap Up Loan Backing SoftBank’s (ORG) Robotics Bet Banks Wrap Up Loan Backing SoftBank’s (ORG) SoftBank Group Corp.’s (ORG) US (LOCATION)
Originally published by Bloomberg Markets Read original →