Kokusai Electric Corporation announced that at the Board of Directors meeting held on March 27, 2025, debt is decided to be procured based on the following terms and conditions, and an early prepayment is decided to be made on some of its debt. Summary of Borrowings. Lender: Sumitomo Mitsui Banking Corporation, MUFG Bank Ltd., Mizuho Bank, Ltd, Sumitomo Mitsui Trust Bank, Limited, Development Bank of Japan Inc. Borrowing Amount: JPY 60,000 million.
Interest rate: Base interest rate (JBA 1-month JPY TIBOR) +0.45% (Note). Borrowing Date: March 31, 2025. Borrowing Method: Borrowing based on individual term dated March 27, 2025 with the lenders shown on the left.
Repayment Date: March 29, 2030. Repayment Date: Semiannual equal principal. Collateral: Unsecured.
Details of the Early Prepayment of debt: Lender: Sumitomo Mitsui Banking Corporation, MUFG Bank Ltd., Mizuho Bank, Ltd, Sumitomo Mitsui Trust Bank, Limited, Development Bank of Japan Inc. Balance Before Prepayment: JPY 84,000 million. Prepayment Amount: JPY 84,000 million. Borrowing Date: March 29, 2021.
Repayment Due date: March 29, 2026. Prepayment Date: March 31, 2025. Reason for the Borrowings: The Company has decided to borrow funds for the prepayment of the loan.
