SoftBank Seeks $7.5 Billion Loan Secured by Planned Arm Sale
- Loan to be repaid via part of planned Arm sale’s cash portion
- The loan proceeds would go toward SoftBank’s Vision Fund
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SoftBank Group Corp. is in talks with banks for a loan of about $7.5 billion tied to the Japanese conglomerate’s planned sale of Arm Ltd. to Nvidia Corp., according to people familiar with the matter.
Mizuho Bank Ltd. is coordinating the deal, said the people, who aren’t authorized to speak publicly and asked not to be identified. The proceeds would provide investment funds for SoftBank’s Vision Fund operation, and the collateral would be receivables from the cash portion of the proposed Arm sale, the people said.