UT : Announcement regarding the Conclusion of the Syndicated Loan Agreement
March 08, 2022 at 02:11 am EST
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March 8, 2022
UT Group Co., Ltd.
Yoichi Wakayama, President, Representative Director & CEO 2146, TSE First Section)
Takahito Yamada, Senior Executive Officer and Division Manager, General Affairs Division +81-3-5447-1710
Announcement regarding the Conclusion of the Syndicated Loan Agreement
UT Group announces that its Board of Directors held a meeting on March 8, 2022 and resolved to conclude a syndicated loan agreement totaling 10 billion yen with Sumitomo Mitsui Banking Corporation (SMBC) as an arranger and agent, as follows:
1. The purpose of the syndicated loan agreement
The purpose of the syndicated loan agreement is to build a flexible and stable financial foundation for future business expansion and business development.
2. Outline of the syndicated loan
(Tranche A)
(Tranche B)
(1)
Form
Term loan
Term loan
(2)
Composition amount
7.5 billion yen
2.5 billion yen
(3) Agreement date
March 25, 2022 (planned)
(4) Term
Execution date: March 30, 2022
Execution date: March 30, 2022
Maturity date: March 30, 2032
Maturity date: March 30, 2032
(5)
Interest rates
The base interest rate plus the spread
(6) Arranger
Sumitomo Mitsui Banking Corporation
(7) Agent
Sumitomo Mitsui Banking Corporation
(8)
Participating financial
Sumitomo Mitsui Banking Corporation
institutions
Mizuho Bank, Ltd.
MUFG Bank, Ltd.
The Bank of Yokohama, Ltd.
3. Future prospects
The impact of this event on the financial results has been incorporated into the consolidated financial forecasts of FY3/2022 announced on March 8, 2022.
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UT Group Co. Ltd. published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 07:10:06 UTC.
UT Group Co., Ltd. is a Japan-based company engaged in the indefinite employment and dispatch business for the manufacturing, design, development and construction industry. The Company operates in three business segments. Manufacturing segment is involved in the provision of temporary staffing, contracting and human resources services for the manufacturing industry. Its main customers include domestic semiconductors, electronics, automobiles, building materials and housing equipment companies. Solution segment is involved in the provision of employment dispatch, contracting for transfer in line with structural reforms for main manufacturing companies. Its main customers are major electronics manufacturers in Japan. Engineering segment is engaged in the provision of engineer dispatch, contracting and human resources services for electro-mechanical companies. Its main customers are manufacturers and general contractors.
UT GROUP CO.,LTD. 
