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) LenderDeutsche Bank AG, Tokyo Branch
(2) Loan amount60 billion yen
(3) Period
  • (i) Tranche A (30 billion yen): April 28, 2006 to March 15, 2007
  • (ii) Tranche B (30 billion yen): April 28, 2006 to April 15, 2008
(4) OthersUnsecured 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.

  • Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.

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