SUCCESS Holdings Company Limited (TSE:6065) announced a private placement of 10 bonds at ¥100,000,000 per bond with existing investor, J-COM Holdings Co.,Ltd. for gross proceeds of ¥1,000,000,000 on October 15, 2015. The company will also issue warrants in the transaction. The bonds will be issued at par through third party allotment method.

The bonds are convertible into 744,047 common shares of the company at ¥1,344 per share. The bonds will mature on November 1, 2022. The company will pay ¥6,200,000 as issuance expenses including legal fees, bonds with warrants evaluation expenses, registration-related expenses, and other expenses and will receive net proceeds of ¥993,800,000 in the transaction.

The payment date of the transaction is on November 2, 2015. The transaction has been approved by the board of directors of the company.