June 10, 2022 | |
Company name: | RAKSUL INC. |
Representative: | Yasukane Matsumoto |
Representative Director, President and CEO | |
(TSE Prime Market Code No. 4384) | |
Contact: | Yo Nagami |
Director, CFO |
Announcement of borrowing of funds
RASKUL INC. hereby announces that a resolution for the borrowing of funds was passed at the meeting of the Board of Directors held today. The details are as follows.
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Reason for the borrowing
To provide working capital for future business expansion. - Details of the borrowing
(1) Lenders | Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, |
The Shoko Chukin Bank, Ltd. | |
(2) Amount of loan | JPY 3,600 million |
(3) Loan interest rates | 0.7 - 0.85% per annum (Fixed rate) |
(4) Loan execution dates | Mid-to-late July 2022 |
(5) Final repayment dates | Between 5 - 7 years from loan execution date |
(6) Status of security and guarantee | Unsecured and unguaranteed |
3. Impact on financial results
We expect this borrowing of funds to have minimal impact on the financial forecast for the fiscal year ending July 31, 2022.