Press Releases 2006

Announcement of financing for the implementation of legal defeasance

Apr. 27, 2006

As announced in the press release dated April 3, 2006, SOFTBANK CORP. (“SOFTBANK”) implemented legal defeasance of Euro-denominated Senior Notes due 2011. SOFTBANK announces that it today signed a basic contract of financing for the implementation of legal defeasance.

1. Financing conditions

(1) Lender Deutsche Bank AG, Tokyo Branch
(2) Loan amount 60 billion yen
(3) Period
  • (i) Tranche A (30 billion yen): April 28, 2006 to March 15, 2007
  • (ii) Tranche B (30 billion yen): April 28, 2006 to April 15, 2008
(4) Others Unsecured loan

2. Impacts on financial results

With this loan, SOFTBANK expects to record interest expense of approximately 2 billion yen as non-operating expenses, both in consolidated and stand-alone basis for the fiscal year ending March 2007.

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