TOKYO, Mar 17 (Pulse News Wire) – Raksul INC. (4384.T) announced today that it entered into a revolving credit agreement with R1 Co., Ltd., during its board meeting held on the same day.
The loan amount of ¥7.620 billion will be used to repay existing debts to domestic banks and private placement bonds. The repayment period for the bank loans ranges from March 18, 2026, to March 31, 2026, while the total amount to be repaid is ¥13.64 billion. Additionally, the company will also repay private placement bonds worth ¥1.550 billion on March 31, 2026. This transaction is part of a series of actions aimed at delisting the company's shares from public trading. The interest rate on the loan is set at 1%, calculated annually based on a 365-day year, with fractions less than one day being disregarded.
The loan maturity date is set for March 17, 2027, and interest payments will be made annually. In accordance with minority shareholder protection policies, the company ensured fair pricing through extensive discussions with R1 Co., Ltd., considering market prices and rates. The independent outside director, Kenji Kobayashi, confirmed that the borrowing conditions are reasonable and do not disadvantage minority shareholders. As of now, the company does not anticipate significant impacts on its previously disclosed earnings forecast for fiscal year ending September 12, 2025. However, any material changes will be promptly communicated to stakeholders.
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