NSG Group - Debt Refinancing update
The NSG Group reports progress on debt refinancing of JPY 110 billion of facilities, which mature in the year to 31 March 2014.
A committed syndicated debt facility, with a target value of JPY 70 billion, is being facilitated by Sumitomo-Mitsui Banking Corporation. The bank meeting to progress the syndication process is scheduled for mid-February, with completion in March 2013.
Major Japanese banks are expected to participate in this syndication.
In addition to this, a further JPY 40 billion facility is in progress with Sumitomo-Mitsui Banking Corporation.
The Group will provide further updates as appropriate.