SoftBank Group seeks $7.5-billion loan secured by planned Arm sale

SoftBank Group is in talks with banks for a loan of about $7.5 billion tied to the Japanese conglomerate’s planned sale of Arm to Nvidia, according to people familiar with the matter.

Mizuho Bank is coordinating the deal, said the people. The proceeds would provide investment funds for SoftBank’s Vision Fund operation, and the collateral would be receivables from the cash portion of the proposed Arm sale, the people said.

A loan of that size would be among SoftBank’s biggest in dollars, following a record facility recently. 

The company increased a margin loan backed by shares in Alibaba Group Holding to $10 billion,