- Investor Relations (IR)
- 2025.02.27
Notice of Borrowing
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February 27, 2025
Company:Nippon Paint Holdings Co., Ltd.
Representative:Yuichiro Wakatsuki
Director, Representative Executive Officer & Co-President
Wee Siew Kim
Director, Representative Executive Officer & Co-President
(Code No.: 4612; TSE Prime)
Contact:Ryosuke Tanaka
Executive General Manager
Investor Relations, Sustainability and Public Relations
(TEL +81-50-3131-7419)
Notice of Borrowing
Nippon Paint Holdings Co., Ltd. is announcing that it has decided to obtain a loan as detailed below.
1. Purpose of the Borrowing
We have decided to execute a loan following the fulfillment of the closing conditions for the acquisition of equity in AOC, a global specialty formulator, to make it a subsidiary as announced on October 28, 2024.
2. Details of the Loan
| (1) Lender | Sumitomo Mitsui Banking Corporation |
|---|---|
| (2) Total loan amount | JPY 670.0 billion |
| (3) Execution date | March 3, 2025 |
| (4) Interest rate | Base rate plus spread |
| (5) Loan term | One year |
| (6) Type of interest rate (variable/fixed) | Variable |
| (7) Method of repayment | Lump-sum payment at maturity |
| (8) Collateral/guarantee | None |
3. Outlook
The impact of this borrowing on our business performance and financial position will be promptly disclosed as soon as it is determined.
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