by Amruth Sundarkumar | Aug 10, 2022 | Corporates, Global
SoftBank reported an eye-watering quarterly loss of $24.5bn for Q2 on revenues of $11.6bn, up 6.3% YoY. This was against a $5.6bn profit in the prior year. The company posted its biggest quarterly loss, driven by the global stock market turmoil and the rapid fall of...
by Amruth Sundarkumar | May 13, 2022 | Financial Institution Bonds
SoftBank reported a $13bn annual net loss for the year ending March 2022, as compared to an $18bn profit in the prior year. During the quarter, SoftBank reported its its biggest-ever quarterly net loss of $16bn. Contributing to its large losses were its two Vision...
by Amruth Sundarkumar | Apr 22, 2022 | Corporates
SoftBank Group is expected to retain a controlling stake in Arm Ltd. after the planned IPO of the latter, as per sources. The sources mention that SoftBank decided that selling a smaller portion of Arm Ltd. now would be preferable, given the current slump in chip...
by Amruth Sundarkumar | Mar 28, 2022 | Corporates, High Yield Bonds
SoftBank is finalizing up to $10bn in loans from banks ahead of the planned Arm Ltd.’s IPO where the latter’s valuation is eyed at $50-60bn. The loans will be secured against Arm Ltd. and were a pre-condition set by SoftBank for banks to participate in the...
by Amruth Sundarkumar | Mar 25, 2022 | Corporates, High Yield Bonds
SoftBank which previously borrowed $4bn from Apollo Global Asset Management in December 2021, has secured an additional $1.1bn loan backed by holdings of SoftBank Vision Fund 2, said sources. This brings the total loans from Apollo to $5.1bn. The unitranche loan...
