Deals
SoftBank Seeks $8 Billion Margin Loan as Part of Arm IPO
- Lenders asked to underwrite margin loan worth about $8 billion
- Banks planning to pitch ARM valuations of $50 billion or more
Photographer: Chris Ratcliffe/Bloomberg
This article is for subscribers only.
SoftBank Group Corp. is asking banks jostling for roles on a potential listing of Arm Ltd. to underwrite a margin loan of about $8 billion, according to people familiar with the matter.
The margin loan financing -- linked to Arm’s IPO stock -- is one option under consideration as SoftBank lines up an advisory roster for what could be the year’s biggest initial public offering, the people said, asking not to be named as the details aren’t public.