High Levels of Interest-Bearing Debt, Financing and Covenants
First written in FY2016. 24 of 43 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-10-23.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
- 2026-09-24Advancednews.yahoo.co.jp
「It was also announced that approximately ¥1.76 trillion would be raised through the issuance of foreign-currency-denominated corporate bonds.」
The issuance of foreign-currency-denominated corporate bonds to raise approximately ¥1.76 trillion was newly announced, marking concrete progress in financing. - FY2026-H1Increase in parent-company borrowings and decrease in financing-subsidiary debt associated with the OpenAI investmentAnnual report
「Interest-bearing debt at SoftBank Group Corp. increased by ¥1.9343 trillion from the end of the previous fiscal year.」
While interest-bearing debt at the parent company increased through a $7.5 billion bridge loan intended for the first closing with OpenAI and bond issuance, interest-bearing debt at the financing subsidiaries decreased by ¥1.4084 trillion through the settlement of transactions using Alibaba and Deutsche Telekom shares. The composition of debt and financing exposure changed. - FY2025-H1Increase in parent company debt and decrease in financing subsidiary debtAnnual report
「Interest-bearing debt at SoftBank Group Corp. increased by ¥623.4 billion from the end of the previous fiscal year － Interest-bearing debt at wholly owned financing subsidiaries decreased by ¥1.6660 trillion from the end of the previous fiscal year」
Interest-bearing debt at the parent company increased through bond issuance and term loans, while debt at the financing subsidiaries decreased through the settlement of contracts using Alibaba and T-Mobile shares, among other measures. Consolidated interest-bearing debt and lease liabilities decreased from the end of the previous fiscal year, but debt and financing exposure remained significant. - FY2024-Q3WorsenedAnnual report
「Interest-bearing debt at wholly owned financing subsidiaries increased by ¥840.9 billion from the end of the previous fiscal year.」
Interest-bearing debt at the financing subsidiaries increased by ¥840.9 billion from the end of the previous fiscal year, expanding debt and financing exposure through an $8.5 billion margin loan using Arm shares, among other measures. - FY2024-Q2WorsenedAnnual report
「Total 20,315,191 21,393,726 1,078,535」
Consolidated interest-bearing debt and lease liabilities increased from ¥20.3152 trillion at the end of the previous fiscal year to ¥21.3937 trillion, an increase of ¥1.0785 trillion, expanding debt and financing exposure. - FY2024-Q1WorsenedAnnual report
「Total 20,315,191 21,908,466 1,593,275」
Consolidated interest-bearing debt and lease liabilities increased from ¥20.3152 trillion at the end of the previous fiscal year to ¥21.9085 trillion, an increase of ¥1.5933 trillion. Financing was raised through forward purchase and sale contracts using Alibaba shares and through hybrid bonds and loans. - FY2023-Q3MitigatedAnnual report
「Interest-bearing debt at SoftBank Group Corp. and its financing subsidiaries, among others, decreased by ¥3.6740 trillion from the end of the previous fiscal year through aggressive debt repayments and the early physical settlement of forward purchase and sale contracts.」
A high level of debt and financing exposure remains, but it was reduced by ¥3.6740 trillion from the end of the previous fiscal year through the settlement of forward contracts, debt repayments and bond repurchases, among other measures. - FY2023-Q2MitigatedAnnual report
「Interest-bearing debt at SoftBank Group Corp. and its financing subsidiaries, among others, was reduced by ¥2.8497 trillion from the end of the previous fiscal year through aggressive debt repayments and the early physical settlement of forward purchase and sale contracts.」
Debt and financing exposure remained significant, but was substantially reduced from the end of the previous fiscal year through the settlement of forward contracts and the repayment of margin loans and senior loans, among other measures. - FY2023-Q1WorsenedAnnual report
「The consolidated total of interest-bearing debt and lease liabilities increased from ¥22.3236 trillion at the end of the previous fiscal year to ¥23.8509 trillion.」
While borrowings were repaid and bonds repurchased, the consolidated total of interest-bearing debt and lease liabilities increased by ¥1.5273 trillion year on year due to forward contracts using Alibaba shares, financing using Arm shares, SVF1 asset-backed financing and other factors. - FY2022-Q3WorsenedAnnual report
「The consolidated total of interest-bearing debt and lease liabilities increased from ¥19.5480 trillion at the end of the previous fiscal year to ¥21.5739 trillion.」
The consolidated total of interest-bearing debt and lease liabilities increased by ¥2.0259 trillion from the end of the previous fiscal year. Financing exposure increased further through bond issuance, financial liabilities related to forward sale contracts, SVF2 and various secured borrowings. - FY2022-Q2WorsenedAnnual report
「Total 19,547,976 21,099,454 1,551,478」
The consolidated total of interest-bearing debt and lease liabilities increased by ¥1.5515 trillion, from ¥19.5480 trillion at the end of the previous fiscal year to ¥21.0994 trillion. Financing exposure through bonds, financial liabilities related to forward sale contracts and various secured borrowings increased. - FY2022-Q1WorsenedAnnual report
「SoftBank Group Corp.'s interest-bearing debt increased by ¥1.1091 trillion from the end of the previous fiscal year」
Exposure to consolidated interest-bearing debt and lease liabilities increased due to ¥405,000 million of domestic hybrid bonds and an $1.88 billion margin loan using Alibaba shares, among other factors. - FY2021-Q3WorsenedAnnual report
「Total 14,272,208 17,623,361 3,351,153」
The consolidated total of interest-bearing debt and lease liabilities increased from ¥14.2722 trillion at the end of the previous fiscal year to ¥17.6234 trillion. Financial liabilities related to forward contracts using Alibaba shares of ¥2.8664 trillion and SB Northstar borrowings of ¥1.5288 trillion were also added, expanding and complicating financing exposure. - FY2021-Q2WorsenedAnnual report
「Multiple wholly owned subsidiaries that raise funds entered into several forward sale contracts with financial institutions using their Alibaba shares, raising a total of $15.4 billion.」
Financial liabilities related to forward sale contracts using Alibaba shares amounted to ¥2.1246 trillion, while borrowings secured by T-Mobile shares and borrowings by SB Northstar were also added. Although existing borrowings were repaid and bonds repurchased, exposure to new financing and derivative liabilities increased. - FY2021-Q1MitigatedAnnual report
「On 8 July 2020, Skywalk Finance GK, our wholly owned subsidiary, made an early repayment in full of the $9.44 billion borrowing secured by the Alibaba shares it held.」
Although high debt and financing risk continued, part of debt exposure was reduced through the full repayment of the $9.44 billion borrowing secured by Alibaba shares and bond repurchases. - FY2020-Q3WorsenedAnnual report
「We raised an additional $4.37 billion (¥468,859 million) using Alibaba shares.」
The consolidated total of interest-bearing debt and lease liabilities reached ¥19,250,008 million through additional borrowings secured by Alibaba shares and the use of fund-level facilities, among other measures, expanding debt and financing exposure. - FY2020-Q2WorsenedAnnual report
「Through a wholly owned subsidiary, we raised an additional $3.8 billion using Alibaba shares.」
Additional borrowings backed by Alibaba shares and other measures continued to expand debt and financing exposure. The consolidated total of interest-bearing debt and lease liabilities reached ¥18,088,604 million. - FY2019MitigatedAnnual report
「By flexibly using the monetization of investment assets, including through sales and borrowings such as asset-backed financing, as well as debt financing, we are working to maintain financial security by securing ample cash and deposits to cover at least 2 years of bond redemptions.」
In addition to approximately ¥700 billion of debt reduction using the net proceeds from SoftBank Corp.'s listing, a liquidity management policy was presented to secure funds for at least 2 years of bond redemptions, providing a concrete response to financing risk. - FY2019-Q3MitigatedAnnual report
「To improve its financial position, in January 2019 we repaid part of the borrowings secured by Alibaba shares held by our subsidiaries ($4.37 billion) and repurchased part of our foreign-currency-denominated straight bonds ($410 million and €520 million), using funds raised in connection with SoftBank Corp.'s new listing on 19 December 2018 and other sources.」
Although interest-bearing debt exposure remained high, some debt and financing risks were addressed through the repayment of borrowings and bond repurchases funded by the listing proceeds. - FY2019-Q2WorsenedAnnual report
「Interest-bearing debt 4,972,455 13,015,302」
Current and non-current interest-bearing debt totaled ¥17,987,757 million, up from ¥17,042,188 million at the end of the previous fiscal year. A ¥1.6 trillion senior loan and other financing associated with preparations for SoftBank Corp.'s listing were disclosed. - FY2019-Q1WorsenedAnnual report
「Interest-bearing debt 4,142,996 13,205,962」
Current and non-current interest-bearing debt totaled ¥17,348,958 million, up from ¥17,042,188 million at the end of the previous fiscal year. Exposure to high levels of interest-bearing debt and financing remained. - FY2018WorsenedAnnual report
「Interest-bearing debt, including current and non-current liabilities, amounted to ¥17,042,188 million as of 31 March 2018.」
Although acquisition financing was refinanced, debt and financing exposure increased, including borrowings by the SVF and Delta Fund and borrowings backed by Alibaba shares. - FY2018-Q3Execution of acquisition financing refinancingAnnual report
「SoftBank Group Corp. raised borrowings primarily to refinance the financing for the acquisitions of Sprint and Arm, while SoftBank Corp. and Sprint also raised borrowings through receivables securitization.」
While acquisition financing was refinanced, interest-bearing debt at the end of December 2017 increased in aggregate across current and non-current liabilities, and exposure to debt and financing remained. - FY2018-Q2Bridge loan refinancing phaseAnnual report
「As the ¥1 trillion bridge loan related to the acquisition of Arm became repayable within one year, it was reclassified from non-current liabilities, increasing long-term borrowings due within one year. The ¥1 trillion bridge loan related to the Arm acquisition was scheduled to be refinanced as long-term funding in November 2017.」
The ¥1 trillion bridge loan for the Arm acquisition was reclassified as due within one year, and refinancing into long-term funding in November 2017 was planned. - FY2018-Q1Addressing funding needs associated with increased investmentAnnual report
「SoftBank Group Corp. raised funds to strengthen its cash position.」
While cash and cash equivalents decreased by ¥895,132 million due to investments planned for transfer to the SVF and other factors, short-term financing was undertaken to strengthen cash on hand. - FY2017WorsenedAnnual report
「Our net leverage ratio at the end of the fiscal year deteriorated by 0.4 points from the end of the previous fiscal year to 4.2x due to Arm's acquisition in September 2016.」
The net leverage ratio deteriorated to 4.2x following the acquisition of ARM. Interest-bearing debt also increased due to financing for the ARM acquisition and other factors, quantifying debt and financing risk. - FY2017-Q3Refinancing and conversion to a secured lending facilityAnnual report
「On 3 February 2017, Sprint entered into a $6 billion borrowing agreement.」
Sprint entered into a $6 billion borrowing agreement comprising $4 billion of secured borrowings and a $2 billion secured revolving credit facility, replacing the previous $3.3 billion unsecured facility. - FY2017-Q2WorsenedAnnual report
「This resulted from borrowings of ¥1 trillion in the form of a bridge loan as part of the financing for the acquisition of Arm.」
The ¥1 trillion bridge loan for the acquisition of Arm and the issuance of ¥521,000 million of straight and hybrid bonds, among other measures, increased interest-bearing debt exposure. - FY2017-Q1WorsenedAnnual report
「Part of the consideration payable for this acquisition will be funded through borrowings with an aggregate borrowing limit of ¥1 trillion arranged by Mizuho Bank, Ltd. under a bridge loan agreement entered into between our company and Mizuho Bank, Ltd. on 15 July 2016. The remainder is expected to be funded with cash on hand.」
A plan was presented to use a bridge loan with an aggregate borrowing limit of ¥1 trillion in connection with the acquisition of ARM, increasing interest-bearing debt exposure related to acquisition financing. - FY2016First statedAnnual report
「Our Group plans to use cash flow from its domestic telecommunications business as the source of funds for repaying the funds raised to acquire Sprint. If the domestic telecommunications business is unable to generate cash flow as expected, the Group may sell certain assets or take other measures to generate funds for repaying the acquisition financing.」
The filing describes $3.3 billion of Sprint-related bonds maturing in the fiscal year ending March 2017, consolidated interest-bearing debt of approximately ¥11.9 trillion, and various financial covenants.