Starts Proceed Investment Corporation [8979.T]
TOKYO, Mar 26 (Pulse News Wire) – Starts Proceed Investment Corporation (8979.T) announced today that its board of directors decided to borrow funds to finance the acquisition of certain assets scheduled for March 31 and May 24, 2026, along with related expenses. The corporation will secure a term loan of ¥2.700 billion from several banks, including Resona Bank, Aozora Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and Chiba Bank.
The loan will carry a floating interest rate based on the All-Japan Banks Association's one-month Japanese yen TIBOR plus 0.500%. Interest payments will begin in April 2026 and continue monthly until the final repayment date of November 19, 2029. The loan agreement was finalized on March 31, 2026, according to a basic financing agreement signed on March 27, 2026.
Following the execution of the loan, the total debt of Starts Proceed Investment Corporation will increase to 48,946 million yen, up from 46,246 million yen previously. The corporation’s leverage ratio will rise slightly from 54.0% to 55.2%. No significant changes have occurred in the risks associated with borrowing and repayment since the latest securities report filed on January 28, 2026.
🟢 Confidence: High AI-translated content.