Tokuyama : Notice concerning the Conclusion of Loan Agreements with Financial Covenants(54KB)

January 29, 2018

Company name: Tokuyama Corporation

Representative name: Hiroshi Yokota,

President and Representative Director

(Code No. 4043, First Section TSE)

Contact: Taro Kobayashi, General Manager

Corporate Communications & Investor Relations Dept.

TEL: [phone]

Notice concerning the Conclusion of Loan Agreements with Financial Covenants

Tokuyama Corporation (hereafter referred to as "Tokuyama" or "the Company") today announced the conclusion of loan agreements with financial covenants. Conclusion is in line with the ongoing reduction of interest-bearing debt, as a part of the Company's efforts to improve its financial position, a key issue under the Medium-Term Management Plan, and the prepayment of loans undertaken on January 29, 2018. Details of those agreements with financial covenants that have now been concluded following the prepayment of loans in accordance with agreements with financial institutions in the fiscal year ending March 31, 2018 are as follows.

• 1. Term-out medium-term commitment line agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd. (Executed on September 30, 2011 Fully prepaid on September 29, 2017)

• 2. Syndicated loan agreement with seven lenders with the Development Bank of Japan Inc., serving as lead manager.

  (Executed on December 22, 2011 Fully prepaid on December 29, 2017)

• 3. Syndicated loan agreement with six lenders with The Bank of Tokyo-Mitsubishi UFJ, Ltd., serving as lead manager.

  (Executed on July 24, 2012 Fully prepaid on January 29, 2018)

The amount of interest-bearing debt reduction in the fiscal year under review following the conclusion of the aforementioned loan agreements is ¥25,950 million.