July 28, 2022
For Immediate Release
Company name: First Brothers Co., Ltd.
President: | Tomoki Yoshihara |
(TSE Prime Market, Stock code: 3454) | |
Inquiries: | Chief Financial Officer |
Yoshinobu Hotta | |
(Tel: +81-3-5219-5370) |
Notice on Borrowing of Funds
First Brothers Co., Ltd. hereby announces that on July 28, 2022, it reached the decision to obtain a capital loan as outlined below.
1．Reason for obtaining the capital loan
One of the basic policies the First Brothers Group outlines in its growth strategy is the acquisition of quality real estate for lease that can produce stable revenues. In line with this strategy, we have decided to obtain a capital loan to be used for the acquisition of real estate trust beneficiary rights.
2．Outline of capital loan
Lender | Amount to be | Scheduled | Term of loan |
borrowed | borrowing date | ||
Mizuho Bank, Ltd. | ¥2,350 million | July 28, 2022 | 10 years |
Note: The interest rate is not disclosed, but the loan is obtained at current market rate.
3．Outlook
The impact of this loan transaction has been factored into our consolidated earnings forecast for the fiscal year ending November 30, 2022, released on January 12, 2022. In case future assessments of the transaction reveal matters that require public disclosure, we will promptly disclose such matters.