SoftBank Group Corp.’s 9984,
The infusion of cash was in addition to the $1.5 billion the Vision Fund had invested in Greensill in 2019. The money, not previously reported, was used as a financial backstop when another Vision Fund company, construction startup Katerra, came close to defaulting on a loan to Greensill, the people said.
Greensill, which specialized in making short-term cash-advance-style loans to companies, filed for insolvency this week after regulators took over its banking unit and Credit Suisse Group AG CS,
Greensill packaged loans to companies into securities, known as notes, that were purchased by the Credit Suisse funds and sold to investors as low-risk, money-market-style investments.