SoftBank to borrow up to $4.5 billion using domestic telco's shares as collateral
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo
The loan, which a company spokeswoman said will be used to boost the group’s cash on hand and for general business purposes, comes as SoftBank’s finances are under pressure on multiple fronts.
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