https://wccftech.com/softbank-tyo-9984-to-borrow-4-5-billion-as-its-outlandish-tech-bets-sour-and-profits-evaporate/

The SoftBank Group Corp. (TYO:9984) plans to borrow a cumulative amount of around 500 billion yen ($4.5 billion) from 16 domestic and international financial institutions in order to beef up its deteriorating finances.

In order to obtain the two-year loan, the Japanese giant is offering a 20 percent stake in its lucrative telecommunication arm as a collateral. SoftBank is also seeking an option to extend the term of the loan by 1 year, if required. Bear in mind that the collateral stake is currently worth around 1.4 trillion yen, approximately 300 percent greater than the amount being borrowed.