February 18, 2022 | |
Company: | Financial Products Group Co., Ltd. |
Representative: | Hisanaga Tanimura, CEO & Founder |
(Code 7148 on the First Section of the Tokyo Stock Exchange) | |
Inquiries: | Hiroshi Sakurai, Executive Officer and General |
Manager, Corporate Planning Dept. | |
(TEL. +81-3-5288-5691) |
Notification of Debt Financing for the Arrangement of the Large-Scale Real Estate Fractional
Ownership Investment Product
Financial Products Group Co., Ltd. (FPG) has decided on February 18, 2022, to borrow funds as described below.
1. Reason for the borrowing funds
FPG has been actively acquiring the real estate for arrangement, thanks to the background of solid sales of the real estate fractional ownership investment products in the Real Estate Fund Business. We have decided to borrow a total of 13.5 billion yen, an upper limit, from financial institutions to finance real estate acquisition for a large-scale project in Tokyo.
2.Summary of borrowing funds
Amount of borrowing | JPY 8.5 billion (upper limit) | JPY 5.0 billion (upper limit) |
Sumitomo Mitsui Banking Corporation | ||
Lender | Sumitomo Mitsui Trust Bank, Limited | Sumitomo Mitsui Banking Corporation |
The Gunma Bank, Ltd. | ||
Borrowing Date | March 18, 2022 | March 18, 2022 |
Final Repayment Date | February 28, 2023 | September 29, 2023 |
Note. The above table shows the schedule as of February 18, 2022, and the actual borrowings may vary.
3.Outlook
There is no change to the financial results forecast for the fiscal year ending September 30, 2022. However, if a necessity for matters to be disclosed arise, we will announce immediately.
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Financial Products Group Co. Ltd. published this content on 18 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 07:40:05 UTC.