KATITAS Co., Ltd. announced that it has concluded a changing syndicated loan agreement on March 31, 2023. The Company also provides notice that it plans to record commission fees associated with the Agreement as non-operating expenses. The KATITAS Group believes that stable financing is important for long-term business expansion and corporate value enhancement. Accordingly, the Group concluded a syndicated loan agreement on March 25, 2022. The Group reached the decision to enter into its current agreement (concluded on March 31, 2023) because it anticipates a need for an increase in working capital as it strives to achieve business expansion. Through this agreement, the Company expects to establish a stable and dynamic financing structure that will further facilitate future business expansion and corporate value enhancements. Maximum amount of the commitment line is ¥8 billion. Agreement date is March 31, 2023.
Execution date is March 31, 2023. Date of repayment is March 29, 2024.