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SoftBank refinancing $24bn in debt amid low interest rates

Loans initially taken out to purchase Sprint, ARM Holdings

TOKYO -- SoftBank Group is refinancing loans used to acquire U.S. mobile carrier Sprint and U.K. chipmaker ARM Holdings, taking advantage of low interest rates.

The Japanese tech giant said Thursday that it will receive roughly 2.73 trillion yen ($23.9 billion) from major foreign and domestic banks, including Mizuho Bank, next Wednesday.

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