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Fortress repays, cancels credit facility at close of SoftBank merger
By Marisa Wong
Morgantown, W.Va., Dec. 28 – Fortress Investment Group LLC subsidiary FIG LLC repaid in full all outstanding loans under its credit agreement dated Jan. 15, 2016 with Bank of America, NA as administrative agent, according to an 8-K filed Thursday with the Securities and Exchange Commission.
All commitments under the credit agreement were terminated on Dec. 27.
The facility was repaid and terminated in connection with closing of SoftBank Group Corp.’s acquisition of Fortress.
Fortress is a New York-based global investment firm. It will operate within SoftBank as an independent business. SoftBank is a Tokyo-based telecommunications company.
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