PAPANETS Co.,Ltd.
Notice regarding Fund Procurement
To secure working capital and allocate funds for debt repayment, a total of 300 million yen, 200 million yen, and 100 million yen were borrowed in four transactions. Interest rate is TIBOR + 0.35% (floating), term of 5 years, unsecured. Existing long-term borrowings are reported separately. No impact on future performance.
Key Figures
- Borrowings (total around 700 million yen)
- Borrowing period 5 years
- Interest rate TIBOR + 0.35% (floating)
AI要約
Overview of Fundraising
PapaNets Co., Ltd. resolved to borrow funds from multiple financial institutions. Lenders are Musashino Bank, Saitama Resona Bank, Ashikaga Bank, and Mitsubishi UFJ Bank, with borrowings of 300 million yen, 200 million yen, 100 million yen, and 100 million yen respectively, not forming a total of 700 million yen. Interest rate for all is TIBOR + 0.35% (floating), term is 5 years, unsecured. It is also reported that there is an outstanding balance of long-term borrowings as of the end of August in the 8th year of Reiwa.
Outlook and Use of Funds
The primary use of the borrowings is to secure working capital and to allocate funds for debt repayment. The borrowings and repayments are not expected to have a direct impact on performance.
PAPANETS Co.,Ltd.
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