March 28,2022
Company name: Name of representative:
Net Protections Holdings, Inc. Shin Shibata, President and
Representative Director
(Securities code: 7383; 1st Section of the Tokyo Stock Exchange)Inquiries:
Kazuharu Watanabe,
CFO and Director (Telephone: +81-03-4530-9235)
Notice Concerning Conclusion of agreement for Loan Refinancing
Net Protections, Inc., a wholly-owned subsidiary of Net Protections Holdings, Inc. announces that the Company resolved to conclude an agreement on syndicated loan (the "Syndicated Loan Agreement") for a term loan and a committed credit line and repayment of existing LBO loan at the board of directors meeting held on March 17, and concluded the Syndicated Loan Agreement as of today.
1．Overview of Syndicated Loan Agreement
Term loan | Committed credit line | |
Amount | 5 billion yen | 7 billion yen |
Use of funds | Refinancing funds | Working capital |
Borrowing period / Commitment period | From March 31,2022 to September 30, 2026 | From March 31,2022 to September 30, 2026 |
Arranger / Agent | Sumitomo Mitsui Banking Corporation | Sumitomo Mitsui Banking Corporation |
Lender | Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Trust Bank, Limited MUFG Bank, Ltd Mizuho Bank, Ltd Resona Bank, Limited | Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Trust Bank, Limited MUFG Bank, Ltd Mizuho Bank, Ltd Resona Bank, Limited |
2．Purpose of the Syndicated Loan Agreement
Through this syndicated agreement, the term loan will be used to repay existing LBO loan, thereby lowering and fixing the interest rates. Besides, the purpose of the committed credit line is to procure working capital in a flexible and stable manner.
3．Repayment of existing LBO loan
Existing Term Loan （Amortization） | Existing Term Loan （Bullet） | Existing Committed credit line | |
Total Amount | 2,750 million yen | 4,105 million yen | 4,500 million yen |
Existing Amount (As of March 28,2022) | 2,500 million yen | 4,105 million yen | - |
Borrowing period | From March 31,2021 to September 30, 2026 | ||
Lender | Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Trust Bank, Limited MUFG Bank, Ltd Resona Bank, Limited |
Repayment Date | March 31,2022 |
Repayment Amount | 6,605 million yen |
Source of funds | Syndicated Term Loan and cash on hand |
以上