SoftBank buys $1 billion of seven series in tender for $970 million

By Susanna Moon

Chicago, Jan. 24 – SoftBank Group Corp. said it accepted for purchase the equivalent of $1 billion of its dollar- and euro-denominated senior notes by way of several concurrent tender offers.

The total purchase price for the offers is about the equivalent of $970 million, based on an exchange rate of €1.00 to $1.1379, according to an update from the company on Thursday.

As announced Jan. 16, the issuer was offering to purchase $750 million under an unmodified Dutch auction until 11 a.m. ET on Jan. 23.

The amount of notes accepted under the tender offers is as follows:

• $75,857,000 of 5 3/8% senior notes due 2022;

• $142,082,000 of 4¾% senior notes due 2024;

• $24,365,000 of 6% senior notes due 2025;

• $166,853,000 of 5 1/8% senior notes due 2027;

• €59,678,000 of 4½% senior notes due 2025;

• €399,668,000 of 3 1/8% senior notes due 2025 and

• €60,144,000 of 4% senior notes due 2029.

Settlement has been set for Jan. 28.

The dealer manager is Deutsche Bank AG, London Branch.

The tender agent is Lucid Issuer Services Ltd. (lucid-is.com/Softbank).

Softbank is a Tokyo-based holding company.

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