March 28, 2017
FOR IMMEDIATE RELEASECompany Name: Asahi Group Holdings, Ltd. President and Representative Director: Akiyoshi Koji Securities Code: 2502
Stock Listings: Tokyo Stock Exchange, First Section Contact: Yasuhiro Nakahara
General Manager, Public Relations Section Phone: +81-3-5608-5126
Announcement regarding Borrowing of FundsAsahi Group Holdings, Ltd. ("Asahi") has resolved at its board of directors' meeting held today to carry out the following loan facility.
Details of the loan facility
(1)
Lender
Sumitomo Mitsui Banking Corporation and Mizuho Bank, Ltd.
(2)
Amount
EUR 7,405,000,000 (approximately JPY8,868billion, calculated at the rate of 119.76 as of 27 March 2017)
(3)
Interest rate
Variable rate that is linked to a market interest rate
(4)
The expected execution date
First half of 2017
(5)
Type of financing
Short-term bank loan
(6)
Mortgage
No mortgage
(7)
The date of board approval
28 March 2017
The reason for the loan facility
The loan facility is required for the acquisition of business in the Czech Republic, Slovak Republic, Poland, Hungary and Romania and other related assets that were owned by SABMiller Limited (formerly, SABMiller plc), which was announced on 13 December 2016 in its news release, "Announcement regarding acquisition of the beer business in Central and Eastern Europe".
Details will be disclosed post-closing.
Impact on Asahi's financial performance
The impact on Asahi's financial performance for the fiscal year ending December 2017 is currently under review.
Details will be disclosed post-closing.
-END-
Asahi Group Holdings Ltd. published this content on 28 March 2017 and is solely responsible for the information contained herein.
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