NSG Group - Continuation of Debt Refinancing Program
The NSG Group announces that new bank facilities, totaling approximately JPY 52 billion and maturing in September 2013, were signed with a number of institutions on 24 March 2010.
The total proceeds will be used to prepay all remaining borrowings maturing in financial year 2011 and to provide sufficient levels of surplus headroom.
The new facilities bring the Group's total debt and equity issuances in the current year to approximately JPY 194 billion, which includes JPY 30 billion from the preference share issuance announced in August 2009.
The NSG Group's debt facilities maturity profile, including undrawn Revolving Credit Facilities, is now as follows:
||JPY 20 billion |
||JPY 49 billion |
||JPY 87 billion |
|FY 2014 onwards
||JPY 279 billion |
Mandated Lead Arrangers to the new facilities were BNP Paribas, Lloyds TSB Bank plc, Sumitomo Mitsui Banking Corporation, Svenska Handelsbanken AB and The Royal Bank of Scotland plc.