SoftBank Group Corp. is considering raising about $5 billion in loans through its U.K. chip company ARM Holdings plc, banking sources told Reuters.
According to one of the sources, the loan would have "no particular use and the money would go up to shareholders." Goldman Sachs is reportedly advising on the potential dividend recapitalization loan, which will be mainly denominated in dollars but could include a minimum €500 million tranche.
SoftBank and its shareholders are now deciding whether to continue with the loan, as well as figuring out the details of the loan, such as timing and size, the report said.
