Topic

Syndicated credit facilities

Revolving loans committed by groups of banks that a borrower may draw on for a fixed term, typically priced as a margin over a benchmark rate such as SOFR.

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SoftBank renews its $6.5bn standby credit line with more than 20 banks for one more year

SoftBank's $450m top-up lifts a bank facility to $6.5bn and buys another year in which it can draw, at 210 basis points over SOFR. More than 20 lenders share it, and it is the smallest number the group signed this week.

Publishers:thenextweb.com

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