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Press Releases 2006

SOFTBANK appointed seven financial institutions as mandated lead arrangers in the financing of its acquisition of Vodafone’s Japanese unit

Apr. 4, 2006

SOFTBANK CORP. announced that it today appointed seven financial institutions as mandated lead arrangers to raise funds for the acquisition of Vodafone K.K., the Japanese unit of British mobile telecom operator Vodafone Group Plc. The financing will take the form of 1.28 trillion yen in loans, and the seven mandated lead arrangers will underwrite the loan financing and set up/structure credit facilities. In addition to finance its acquisition of Vodafone K.K., the loans will be used for relevant expenses and as working capital in the future. This financing represents the largest-ever leveraged buyout (LBO) in Japan. The details are given below.

Outline of the financing

1. Amount of funds to be raised

1.28trillion yen (planned)

2. Date of financing

April 27, 2006 (planned)

3. Mandated lead arrangers

  • Deutsche Bank AG, Tokyo Branch
  • Mizuho Corporate Bank, Ltd.
  • Citibank, N.A., Tokyo Branch
  • Goldman Sachs (Japan) Ltd., Tokyo Branch
  • Sumitomo Mitsui Banking Corporation
  • Calyon, Tokyo Branch
  • WestLB AG, Tokyo Branch
  • *The information is true and accurate at the time of publication.
    Price, specification, contact and other information of products and service may be subjected to change. The information contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.