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SoftBank

SoftBank seeks $8bn loan backed by Arm stake

Shares in nonpublic unit used as collateral in unusual move

SoftBank Group plans to take Arm public in fiscal year 2022. 

TOKYO -- SoftBank Group will seek $8 billion in loans from Japanese and foreign banks, putting up shares in British chip design subsidiary Arm as collateral, Nikkei has learned.

The loan is unusually large for financing backed by shares in a nonpublic company. With inflation weighing on stock prices, the Japanese technology group is diversifying fundraising options as it looks to bolster its cash cushion.

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