Net Protections : Notice Concerning Conclusion of agreement for Loan Refinancing
March 28, 2022 at 02:31 am
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March 28,2022
Company name: Name of representative:
Net Protections Holdings, Inc. Shin Shibata, President and
Representative Director
(Securities code: 7383; 1st Section of the Tokyo Stock Exchange)Inquiries:
Kazuharu Watanabe,
CFO and Director (Telephone: +81-03-4530-9235)
Notice Concerning Conclusion of agreement for Loan Refinancing
Net Protections, Inc., a wholly-owned subsidiary of Net Protections Holdings, Inc. announces that the Company resolved to conclude an agreement on syndicated loan (the "Syndicated Loan Agreement") for a term loan and a committed credit line and repayment of existing LBO loan at the board of directors meeting held on March 17, and concluded the Syndicated Loan Agreement as of today.
1．Overview of Syndicated Loan Agreement
Term loan
Committed credit line
Amount
5 billion yen
7 billion yen
Use of funds
Refinancing funds
Working capital
Borrowing period / Commitment period
From March 31,2022 to September 30, 2026
From March 31,2022 to September 30, 2026
Arranger / Agent
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation
Lender
Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Trust Bank, Limited MUFG Bank, Ltd
Mizuho Bank, Ltd Resona Bank, Limited
Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Trust Bank, Limited MUFG Bank, Ltd
Mizuho Bank, Ltd Resona Bank, Limited
2．Purpose of the Syndicated Loan Agreement
Through this syndicated agreement, the term loan will be used to repay existing LBO loan, thereby lowering and fixing the interest rates. Besides, the purpose of the committed credit line is to procure working capital in a flexible and stable manner.
3．Repayment of existing LBO loan
Existing Term Loan （Amortization）
Existing Term Loan （Bullet）
Existing Committed credit line
Total Amount
2,750 million yen
4,105 million yen
4,500 million yen
Existing Amount
(As of March 28,2022)
2,500 million yen
4,105 million yen
-
Borrowing period
From March 31,2021 to September 30, 2026
Lender
Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Trust Bank, Limited MUFG Bank, Ltd
Resona Bank, Limited
Repayment Date
March 31,2022
Repayment Amount
6,605 million yen
Source of funds
Syndicated Term Loan and cash on hand
以上
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Disclaimer
Net Protections Holdings Inc. published this content on 28 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2022 01:30:09 UTC.
Net Protections Holdings Inc is a Japan-based company mainly engaged in the settlement solutions business. The Company is mainly engaged in the settlement solutions business, offering the BNPL settlement service, which guarantees credit risk. The feature of this service is that customers can outsource a series of settlement-related operations as a one-stop service. Settlement-related operations include credit screening, invoicing, payment confirmation/cancellation, reminders/collections, and handling of bad debts, and there are specialized companies for each of these operations. In addition, as a comprehensive provider of BNPL payment services, it offers BNPL payment services regardless of the transaction type, such as individual, corporate, e-commerce (EC), and face-to-face sales. Its services include the services for business-to-consumer (B2C) transactions NP Postpaid, Atone, and Afty, and for business-to-business (B2B) transactions NP payment.
NET PROTECTIONS HOLDINGS, INC. 
