Deals
SoftBank IPO Banks Commit to $9 Billion Vision Fund Loan
- Top underwriters of wireless IPO agree to provide financing
- Banks finalizing terms of loan backed by Vision Fund holdings
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SoftBank Group Corp. has lined up commitments for a loan of about $9 billion for its massive Vision Fund, provided by banks including arrangers of its Japanese wireless business’s initial public offering, people with knowledge of the matter said.
The IPO’s top underwriters, which include Nomura Holdings Inc. and Goldman Sachs Group Inc., are finalizing terms of the loan to the Vision Fund, the people said. Stakes in around five of the investment fund’s holdings will be used as collateral, according to the people, who asked not to be identified because the information is private.