Construction financing for the Imari Biomass Power Plant through a syndicated loan
First written in FY2023-Q2. 1 of 3 entries say "Reframed", first in FY2023. Latest entry: FY2023.
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- FY2023New ¥20,000 million facility agreedAnnual report
「At a meeting of the Board of Directors held on 21 June 2023, the Company resolved to enter into a syndicated loan agreement arranged by MUFG Bank, Ltd., and entered into the agreement on 30 June 2023. The loan amount was ¥20,000 million, representing the total lending limit, and the funds will be used to construct the Imari Green Power Biomass Power Plant.」
After the previous construction-period financing agreement ended, the Group entered into a new syndicated loan agreement totaling ¥20.0 billion to construct the Imari power plant. - FY2023-Q3Agreement terminated following early repaymentAnnual report
「At a meeting of the Board of Directors held on 21 February 2023, the Company resolved to make an early repayment of the syndicated loan. Repayment was made on 28 February 2023, and the agreement terminated on the same date.」
The syndicated loan used to finance construction of the Imari biomass power generation project was repaid before maturity, and the agreement was terminated on 28 February 2023. - FY2023-Q2First statedAnnual report
「As announced in the notice dated 19 January 2022 regarding the acquisition of property, plant and equipment by a consolidated subsidiary, specifically the construction of the Sagan Imari Biomass Power Plant (provisional name), the Group is developing a biomass power generation project with approximately 46MW of capacity in Imari, Saga Prefecture. To finance the equipment for this project during construction, the Group is entering into a syndicated loan agreement with a total amount of ¥12.0 billion.」
For the approximately 46MW Imari biomass power generation project, the Group entered into a syndicated loan agreement totaling ¥12.0 billion on 26 October 2022, establishing a specific means of financing construction-period expenditures.