Morrison Foerster advised SoftBank Group Corp. (“SoftBank”) in connection with a US$1.8 billion equiv. senior term loan financing. The facilities comprise dual-currency Facility B term loans (an €825 million tranche and a US$800 million tranche) and a €293 million multicurrency revolving credit facility. The financing supports SoftBank’s acquisition of ABB’s global robotics business, a leading provider of industrial robotics, automation and AI-driven solutions.
The MoFo deal team advising SoftBank was led by partners Ken Siegel and Ambarish Dash and associate Rakesh Grubb-Sharma, with support from Finance of counsel Oliver Henderson and associate Amber Smith. The wider team included Finance partner Jeff Xu and associates Will Winsett and Morgan Maguire; Tax partners Matthew Lau and Freddie Schwier; and Antitrust partners Marie-Claire Strawbridge and Felix Helmstädter.