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Settlement of Tender Offers – USD-denominated Hybrid Notes, and USD- and EUR- denominated Senior Notes

SoftBank Group Corp.

SoftBank Group Corp. (“SBG”) hereby announces the completion of settlement on October 12, 2022 (London time) of its offer to purchase a portion of its outstanding USD-denominated perpetual NC6 hybrid notes by means of a tender offer and its offer to purchase a portion of its outstanding USD- and EUR-denominated senior notes by means of several concurrent tender offers (collectively, the “Tender Offers”), which were announced in “Tender Offers – USD-denominated Hybrid Notes, and USD- and EUR-denominated Senior Notes” dated September 28, 2022 and “Results of Tender Offers – USD-denominated Hybrid Notes, and USD- and EUR-denominated Senior Notes” dated October 11, 2022, as follows:

Results of the Tender Offers

Target NotesAcceptance Amount (Principal Amount)
6.000% USD-denominated Undated Subordinated NC6 Resettable NotesUSD750,000,000
4.750% USD-denominated Senior Notes due 2024USD51,681,000
3.125% USD-denominated Senior Notes due 2025USD59,284,000
6.125% USD-denominated Senior Notes due 2025USD32,020,000
4.000% USD-denominated Senior Notes due 2026USD81,906,000
5.125% USD-denominated Senior Notes due 2027USD81,102,000
6.250% USD-denominated Senior Notes due 2028USD32,790,000
4.625% USD-denominated Senior Notes due 2028USD95,750,000
5.250% USD-denominated Senior Notes due 2031USD79,833,000
2.125% EUR-denominated Senior Notes due 2024EUR95,032,000
4.500% EUR-denominated Senior Notes due 2025EUR30,487,000
3.125% EUR-denominated Senior Notes due 2025EUR86,752,000
2.875% EUR-denominated Senior Notes due 2027EUR317,587,000
5.000% EUR-denominated Senior Notes due 2028EUR98,414,000
3.375% EUR-denominated Senior Notes due 2029EUR220,370,000
4.000% EUR-denominated Senior Notes due 2029EUR78,809,000
3.875% EUR-denominated Senior Notes due 2032EUR94,971,000
TotalUSD2,265 million equivalent*
  • Based on an exchange rate of EUR 1.000 = USD 0.97835.

After the settlement of the Tender Offers, the outstanding principal amounts of the above Target Notes (excluding the notes held by SBG) are as follows.

Outstanding Principal Amounts

Target NotesOutstanding Principal AmountFirst Call Date
6.000% USD-denominated Undated Subordinated NC6 Resettable NotesUSD2,000,000,000July 19, 2023
Target NotesOutstanding Principal Amount (excluding the Target Notes held by SBG)Maturity Date
4.750% USD-denominated Senior Notes due 2024USD783,014,000September 19, 2024
3.125% USD-denominated Senior Notes due 2025USD449,716,000January 6, 2025
6.125% USD-denominated Senior Notes due 2025USD339,712,000April 20, 2025
4.000% USD-denominated Senior Notes due 2026USD676,094,000July 6, 2026
5.125% USD-denominated Senior Notes due 2027USD1,668,200,000September 19, 2027
6.250% USD-denominated Senior Notes due 2028USD467,166,000April 15, 2028
4.625% USD-denominated Senior Notes due 2028USD805,940,000July 6, 2028
5.250% USD-denominated Senior Notes due 2031USD1,350,167,000July 6, 2031
2.125% EUR-denominated Senior Notes due 2024EUR639,968,000July 6, 2024
4.500% EUR-denominated Senior Notes due 2025EUR272,079,000April 20, 2025
3.125% EUR-denominated Senior Notes due 2025EUR702,097,000September 19, 2025
2.875% EUR-denominated Senior Notes due 2027EUR445,553,000January 6, 2027
5.000% EUR-denominated Senior Notes due 2028EUR1,058,193,000April 15, 2028
3.375% EUR-denominated Senior Notes due 2029EUR506,630,000July 6, 2029
4.000% EUR-denominated Senior Notes due 2029EUR583,847,000September 19, 2029
3.875% EUR-denominated Senior Notes due 2032EUR452,929,000July 6, 2032

Disclaimer
Important Notice

This announcement must be read in conjunction with the Hybrid Notes Tender Offer Memorandum or the Senior Notes Tender Offer Memorandum distributed separately. Each Eligible Holder is recommended to seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.

Nothing in this announcement, the Hybrid Notes Tender Offer Memorandum or the Senior Notes Tender Offer Memorandum constitutes an offer to buy, or the solicitation of an offer to sell, Target Notes to any person in any jurisdiction where it is unlawful to do so. Persons into whose possession this announcement, the Hybrid Notes Tender Offer Memorandum and/or the Senior Notes Tender Offer Memorandum come are required to inform themselves about, and to observe, any such restrictions. Each Eligible Holder participating in the Tender Offers will be deemed to have represented to various matters described in the Hybrid Notes Tender Offer Memorandum or the Senior Notes Tender Offer Memorandum, as applicable, including that it is an Eligible Holder. Each direct participant in Euroclear or Clearstream (the “Clearing Systems”), by tendering their Target Notes, will be deemed to have given authority to the relevant Clearing System to provide details concerning such direct participant's identity to the Tender Agent.

By giving Tender Instructions, holders will be deemed to make a series of representations, warranties and undertakings, which are set out in the Hybrid Notes Tender Offer Memorandum or the Senior Notes Tender Offer Memorandum. Only Eligible Holders who have, or on whose behalf their brokers, dealers, custodians, trust companies or other nominees have, completed the procedures described in the applicable Tender Offer Memorandum are eligible to participate in the Tender Offers.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase, or subscribe for the Target Notes. This announcement is not, and is not intended to be, an offer of securities of SBG for sale, or the solicitation of an offer to buy securities of SBG in the United States. The Target Notes have not been and will not be registered under the U.S. Securities Act, or any state securities laws of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in regulation S under the U.S. Securities Act) except pursuant to an exemption under, or in a transaction not subject to, the U.S. Securities Act. This announcement and the information contained herein are not for distribution, directly, or indirectly, in or into the United States. No public offer of the Target Notes is being or will be made in the United States.

  • 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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