November 2, 2017 / 8:40 AM / a year ago

SoftBank secures $23.3 billion refinancing for Sprint and ARM buys

The logo of U.S. mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California August 3, 2015. REUTERS/Mike Blake /File Photo

TOKYO (Reuters) - Japan’s SoftBank Group Corp (9984.T) said on Thursday it has secured a 2.65 trillion yen ($23.3 billion) senior loan agreement to refinance the acquisition loans for U.S. telco Sprint Corp (S.N) and British chip designer ARM.

SoftBank said the loan’s maturity is Sept. 30, 2024.

($1 = 113.8400 yen)

Reporting by Taiga Uranaka

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