TOKYO, Apr 23 (Pulse News Wire) – Genda Inc. (9166.T) announced today that its board of directors approved the signing of syndicated loan agreements aimed at refinancing previous borrowings and funding acquisitions of subsidiaries.
The loans will cover the acquisition costs of Pixel Intermediate Holding Corporation and the companies Carrot and Kaj Corporate. Under the first agreement, Genda will secure a loan amounting to ¥15.00 billion. Mizuho Bank will act as arranger and agent, while Sumitomo Mitsui Banking Corporation and Mitsui Sumitomo Trust & Banking Co., Ltd. will serve as joint arrangers. The funds will be used for the permanent financing of Pixel Intermediate Holding Corporation's stock purchase, which was previously disclosed on April 09, 2025. In addition, a second loan agreement will be signed for an amount of ¥7.500 billion.
This loan will also be arranged by Mizuho Bank, with Sumitomo Mitsui Banking Corporation serving as a joint arranger. The funds will finance the acquisition of Carrot and Kaj Corporate. The loan will carry floating interest rates based on benchmark rates plus spreads and is scheduled to be disbursed on April 30, 2026 with repayment due on April 30, 2031. Furthermore, the company plans to prepay short-term borrowing related to the aforementioned acquisitions ahead of schedule on the same day. Additionally, part of the proceeds from the issuance of the second tranche of unsecured bonds, totaling ¥5 billion, will be utilized for the permanent financing of Pixel Intermediate Holding Corporation. Looking forward, Genda expects the impact on its fiscal year ending January 2027 to be minor.
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