February 18, 2022
For Immediate Release
Company name: First Brothers Co., Ltd.
President: | Tomoki Yoshihara |
(TSE First Section, Stock code: 3454) | |
Inquiries: | Chief Financial Officer |
Yoshinobu Hotta | |
(Tel: +81-3-5219-5370) |
Notice on Borrowing of Funds by a Consolidated Subsidiary
First Brothers Capital Co., Ltd., a consolidated subsidiary of First Brothers Co., Ltd., decided on February 18, 2022 to obtain a capital loan as outlined below. First Brothers Co., Ltd. approved the loan on the same day.
1. Reason for obtaining the capital loan
One of the basic policies the First Brothers Group outlines in its growth strategy is the acquisition of quality real estate for lease that can produce stable revenues. The purpose of the capital loan is to acquire real estate based on this strategy.
2. Outline of capital loan
Lender | Amount to be | Scheduled | Term of loan |
borrowed | borrowing date | ||
The Musashino Bank, Ltd. | ¥1,180 million | March 18, 2022 | Ten years |
Note: The interest rate is not disclosed, but the loan is obtained at current market rate.
3. Outlook
The impact of this loan transaction has been factored into our consolidated earnings forecast for the fiscal year ending November 30, 2022, released on January 12, 2022. In case future assessments of the transaction reveal matters that require public disclosure, we will promptly disclose such matters.
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Disclaimer
First Brothers Co. Ltd. published this content on 22 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2022 08:10:06 UTC.