TOKYO, May 20 (Pulse News Wire) – Fonfun Corporation (2323.T) announced today that its board of directors approved a loan agreement, aimed at funding the acquisition of the SaaS service "Sales Performer." The loan, worth ¥400 million, was secured from Resona Bank and carries a floating interest rate based on TIBOR 1M plus 0.7%. The repayment schedule includes annual installments without collateral until April 2031.
In addition to the financing details, the loan comes with certain financial covenants requiring the company to maintain a debt maturity of five years or less at each fiscal year-end and ensure that the acquired SaaS business achieves an EBITDA of at least ¥80 million annually. Fonfun expects the impact on its fiscal year ending March 2027 to be minor but remains committed to leveraging the stable cash flow generated by "Sales Performer" to expedite investment recovery and enhance its ability to pursue further strategic acquisitions.
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