Arcland Service Holdings Co., Ltd. (TSE:3085) announced a private placement of 49 units of series 1 unsecured convertible bonds with warrants for gross proceeds of ¥2,011,009,000 on July 27, 2018. The transaction will include participation from InfleXion II A Fund, L.P. The investor will hold stake of 2.71% in the company with this transaction. Each warrant is exercisable into 921,900 shares at ¥2,179 per share. The maturity date of the bonds is August 14, 2023. The bonds will redeemable on August 14, 2023 at ¥100 for every ¥100 of the bonds. The expected payment date of the transaction on August 14, 2018. The company will pay attorney fees, antisocial forces investigation expenses, expenses for appraisal of the bonds with warrants, advisory fees given to Daiwa Securities Co., Ltd., financial agent fees and other administrative expenses printing fees, registration fees of ¥17,000,000. The company will receive net proceeds of ¥1,994,009,000. The warrants are exercisable from August 14, 2018 and August 13, 2023. The company will issue securities through third party allotment method. The transaction has been approved by the board of directors of the company.