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March 8, 2022
UT Group Co., Ltd.
Yoichi Wakayama, President, Representative Director & CEO 2146, TSE First Section)
Takahito Yamada, Senior Executive Officer and Division Manager, General Affairs Division +81-3-5447-1710
Announcement regarding the Conclusion of the Syndicated Loan Agreement
UT Group announces that its Board of Directors held a meeting on March 8, 2022 and resolved to conclude a syndicated loan agreement totaling 10 billion yen with Sumitomo Mitsui Banking Corporation (SMBC) as an arranger and agent, as follows:
1. The purpose of the syndicated loan agreement
The purpose of the syndicated loan agreement is to build a flexible and stable financial foundation for future business expansion and business development.
2. Outline of the syndicated loan
(Tranche A) | (Tranche B) | ||
(1) | Form | Term loan | Term loan |
(2) | Composition amount | 7.5 billion yen | 2.5 billion yen |
(3) Agreement date | March 25, 2022 (planned) | ||
(4) Term | Execution date: March 30, 2022 | Execution date: March 30, 2022 | |
Maturity date: March 30, 2032 | Maturity date: March 30, 2032 | ||
(5) | Interest rates | The base interest rate plus the spread | |
(6) Arranger | Sumitomo Mitsui Banking Corporation | ||
(7) Agent | Sumitomo Mitsui Banking Corporation | ||
(8) | Participating financial | Sumitomo Mitsui Banking Corporation | |
institutions | Mizuho Bank, Ltd. | ||
MUFG Bank, Ltd. | |||
The Bank of Yokohama, Ltd. | |||
3. Future prospects
The impact of this event on the financial results has been incorporated into the consolidated financial forecasts of FY3/2022 announced on March 8, 2022.
End