ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more