Hanwa Co., Ltd. Decides on Prepayment of Capital Loans
June 27, 2022 at 03:30 am EDT
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Hanwa Co., Ltd. announced that it decided on prepayment of capital loans, as follows: Prepayment of capital loans Date of decision is June 27, 2022. Lenders is Sumitomo Mitsui Banking Corporation, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Trust Bank; Total loan amount is JPY 120,000 million. Loan interest rate Standard interest rate + spread Resolution date is March 8, 2022.
Loan dates is March 8 -11, 2022; Loan period is 6 months from the loan date; Prepayment date is June 30,2022. In response to The Russian military invasion of Ukraine has caused a rise in futures prices on the LME, The Company borrowed 120,000 million yen. However, due to the recent decline in futures prices and the decrease in the long-term guarantee deposit, the company decided to prepayment the above loan of JPY 120,000 million in full on June 30.
HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.
HANWA CO., LTD. 
