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NSG Group - Update on Financing Activities

Date
07 Nov 2013

The NSG Group reports further recent debt refinancing as follows:


1.  A syndicated loan facility arranged by Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank and Shinsei Bank with a value of JPY 15.5 billion was signed in September. The major participants in the syndication include:

Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank and Shinsei Bank.


2.  Earlier this month, a syndicated loan facility of JPY 16.8 billion (circ. Euro 130 million) was signed in the UK. Sumitomo Mitsui Banking Corporation Europe Limited arranged this. The participants in the syndication include:

Sumitomo Mitsui Banking Corporation, Development Bank of Japan, Banc of America Securities Limited, Citigroup and BayernLB.


3.  The Group secured a further JPY 5.1 billion by entering into bilateral finance agreements.

The total proceeds from the above will be used to refinance borrowings maturing in financial year to 31 March 2014 (FY2014). These facilities complete the refinancing of all FY2014 maturing facilities. The refinance for debt maturing in FY2015 is in progress with Sumitomo Mitsui Banking Corporation.

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