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Financing Using Subsidiary (SoftBank Corp., Securities Code: 9434) Shares

SoftBank Group Corp.

SoftBank Group Corp. (“SBG”) announced that it has decided to enter into a margin loan financing (“Margin Loan”) in an amount up to JPY 500 billion pursuant to the below terms. A portion of SoftBank Corp. (“SoftBank”) shares held through SoftBank Group Japan Corporation (“SBGJ”), a wholly owned subsidiary of SBG (which currently holds 3,182,919,470 SoftBank shares) will be pledged as collateral for the Margin Loan. A stock lending agreement has been entered into between the borrower of the Margin Loan, Hinode 1 GK, a wholly owned subsidiary of SBG, and SBGJ for SoftBank shares which will be pledged as collateral for the Margin Loan.

 

As Hinode 1 GK has filed an application to treat SBGJ as a special shareholder, the share ownership and voting rights of SoftBank shares pledged as collateral for the Margin Loan will, in essence, continue to belong to SBGJ. The Margin Loan will be non-recourse to SBG.

 

Overview of the Margin Loan

Borrower Hinode 1 GK (a wholly owned subsidiary of SBG)
Total facility amountUp to JPY 500 billion
Lender16 domestic and overseas financial institutions
Expected utilization dateFebruary 25, 2020
Tenor2 years + 1 year extension option
Collateral shares of SoftBankUp to 953,000,000 shares
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