Announcement of financing for the implementation of legal defeasance
As announced in the press release dated April 3, 2006, SOFTBANK CORP. (“SOFTBANK”) implemented legal defeasance of Euro-denominated Senior Notes due 2011. SOFTBANK announces that it today signed a basic contract of financing for the implementation of legal defeasance.
1. Financing conditions
|(1) Lender||Deutsche Bank AG, Tokyo Branch|
|(2) Loan amount||60 billion yen|
|(4) Others||Unsecured loan|
2. Impacts on financial results
With this loan, SOFTBANK expects to record interest expense of approximately 2 billion yen as non-operating expenses, both in consolidated and stand-alone basis for the fiscal year ending March 2007.
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