Borrowing under the Revolving Credit Facility and Redemption of the 1st BTC Bond
Beat Holdings Limited (the filing company)
The 1st BTC Bond and the Revolving Credit Facility
The exercise of the relevant stock acquisition rights has not progressed due to the subsequent weakness in the company's share price, and the company has therefore been unable to raise the funds needed for redemption.
Additional borrowing of ¥1,030 million. Interest expense on outstanding borrowings through 31 December 2026 is expected to be approximately ¥240 million (expense category: Not disclosed).
The company will borrow under the Credit Facility to redeem the 1st BTC Bond. The repayment date for the outstanding borrowings has not been determined as of now. If any event or matter requiring disclosure occurs or is decided in the future, the company will make a timely disclosure.
If any event or matter requiring disclosure occurs or is decided in the future in relation to this matter, the company will make a timely disclosure.
| Item | Details |
|---|---|
| Event name | Borrowing under the Revolving Credit Facility and Redemption of the 1st BTC Bond |
| Date of occurrence | 27 July 2026 (date of decision on the borrowing and redemption) |
| Subject Entity | Beat Holdings Limited (the filing company) |
| Target Locations / Products | The 1st BTC Bond and the Revolving Credit Facility |
| Cause | The exercise of the relevant stock acquisition rights has not progressed due to the subsequent weakness in the company's share price, and the company has therefore been unable to raise the funds needed for redemption. |
| Amount of Impact on Business Performance | Additional borrowing of ¥1,030 million. Interest expense on outstanding borrowings through 31 December 2026 is expected to be approximately ¥240 million (expense category: Not disclosed). |
| Outlook | The company will borrow under the Credit Facility to redeem the 1st BTC Bond. The repayment date for the outstanding borrowings has not been determined as of now. If any event or matter requiring disclosure occurs or is decided in the future, the company will make a timely disclosure. |
| Planned follow-up disclosure | If any event or matter requiring disclosure occurs or is decided in the future in relation to this matter, the company will make a timely disclosure. |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company had planned to raise funds through the exercise of stock acquisition rights, but the exercise of those rights has not progressed due to the subsequent weakness in the share price, and the company has therefore been unable to raise the funds needed for redemption.