Starts Proceed Investment Corporation [8979.T]
TOKYO, May 20 (Pulse News Wire) – Starts Proceed Investment Corporation (8979.T) announced today that the fixed interest rate for its term loan contract, previously undetermined, has been set at 2.830%. The swap agreement was finalized with Resona Bank, with an initial principal amount of ¥2.160 billion and a floating receipt rate based on the All-Japan Banks Association's one-month Japanese yen TIBOR plus 0.53%.
The swap contract begins on May 22, 2026 and ends on May 24, 2030, with monthly payments due on the last day of each month, adjusted to the previous business day if the end date falls on a non-business day. Additionally, the principal repayment schedule follows the same adjustment rule.
As a result of the interest rate swap, the effective interest rate on the term loan becomes fixed. Regarding risks associated with debt repayment, there have been no significant changes since the latest securities report filed on January 28, 2026, which detailed investment risks under the "Investment Risks" section.
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