Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
August 31, 2021 | |
To whom it may concern: | |
Company name: | BASE, Inc. |
Representative: | Representative Director and CEO Yuta Tsuruoka |
(Code: 4477, Tokyo Stock Exchange Mothers) | |
Inquiries: | Director and CFO Ken Harada |
TEL 03-6441-2075 |
Notice of Conclusion of Overdraft Agreement and Committed Credit Line Agreement
BASE, Inc. hereby announces the conclusion of an overdraft agreement and committed credit line agreement as detailed below.
I. Conclusion of overdraft agreement
1. Purpose of concluding the agreement
The agreement shall be concluded for the purpose of securing operating funds and further stabilizing the company's financial foundation as we look toward future business growth.
Accompanying the completion of the term of the current overdraft agreement of up to 3.5 billion yen concluded with Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., and Resona Bank, Limited, the conclusion of the new agreement shall be with five banks (in addition to the preceding three: MUFG Bank Ltd. and The Shoko Chukin Bank, Ltd.) with a total agreed maximum amount of 11 billion yen.
2. Agreement details
(1) | Lender | Sumitomo Mitsui Banking | Mizuho Bank, Ltd. | MUFG Bank Ltd. | ||
Corporation | ||||||
(2) | Agreed | 5 billion yen | 3 billion yen | 2 billion yen | ||
maximum amount | ||||||
(3) | Concluded | August 31, 2021 | ||||
(4) | End of term | August 31, 2022 | ||||
(5) | Collateral | No collateral or guarantee | ||||
(1) | Lender | Resona Bank, Limited | The Shoko Chukin Bank, Ltd. | |||
(2) | Agreed | 0.5 billion yen | 0.5 billion yen | |||
maximum amount | ||||||
(3) | Concluded | August 31, 2021 | ||||
(4) | End of term | August 31, 2022 | ||||
(5) | Collateral | No collateral or guarantee |
- Conclusion of committed credit line agreement
1. Purpose of concluding the agreement
The agreement shall be concluded for the purpose of securing operating funds and further stabilizing the company's financial foundation as we look toward future business growth.
The conclusion of this agreement shall come into effect with the completion of the term of the current committed credit line agreement with an agreed maximum amount of 1 billion yen concluded with MUFG Bank Ltd.
2. Details of the agreement
(1) Lender | MUFG Bank Ltd. | |
(2) | Agreed | 1 billion yen |
maximum amount | ||
(3) | Concluded | August 31, 2021 |
(4) | End of term | August 31, 2022 |
(5) | Collateral | No collateral or guarantee |
III. Outlook
These agreements will have little impact on business performance for the year ending December 2021.
Attachments
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Disclaimer
Base Inc. published this content on 31 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2021 06:01:03 UTC.