Impress Group
Press Release

Notification Regarding Conclusion of Commitment Line Agreements


Tokyo, September 30, 2008 - Impress Holdings, Inc. (TSE: 9479) today announced the conclusion of agreements for a syndicated commitment line arranged by The Bank of Tokyo-Mitsubishi UFJ, and a bank commitment line with a term-out option, in the aggregate amount of \3.0 billion.


1. Purpose of Commitment Line

@Commitment lines totaling \5.0 billion including long-term facilities that the company had in place expired on September 30, 2008. Agreements for new facilities were therefore concluded, with the amount revised to \3.0 billion, for the purpose of developing new businesses, maintaining flexibility and stability in the procurement of working capital, and improving capital efficiency going forward.
@The \3.0 billion amount represents the Companyfs estimated medium-term demand for funds. The syndicated facility allows for a flexible review of the contract details after one year, and the term-out facility allows for the conversion to long-term borrowings at the end of the one-year commitment period. This combination is intended to create a financial base from which it will be possible to flexibly respond to changes in business conditions and financial markets.


2. Overview of Facilities

(1) Syndicated Commitment Line
1. Total amount: \2,500,000,000.-
2. Commitment period: From September 30, 2008, to September 28, 2009
3. Arranger and agent: The Bank of Tokyo-Mitsubishi UFJ, Ltd.
4. Co-arranger: Mizuho Bank, Ltd.
5. Participating financial institutions: The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Bank, Ltd.
(2) Term-Out Commitment Line
1. Total amount: \500,000,000
2. Commitment period: From September 30, 2008, to September 29, 2009
3. Term: From September 30, 2008, to September 28, 2012
4. Counterparty financial institution: Resona Bank, Ltd.

ŠTerm-out commitment line: A commitment line that allows borrowings made prior to the end of the commitment period to be converted to long-term borrowings.

 

Page top@
  | Terms of Use | Privacy Statement | Contact Us | Impress Group Websites |
impress Copyright © 2008 Impress Holdings, Inc., an Impress Group company. All rights reserved.