Polaris Holdings ＜3010＞ announced on the 20th that it will conclude a syndicated loan agreement as funds, etc. required for cash consideration, which is part of the consideration of the stock exchange carried out to make Minasia a wholly owned subsidiary due to stock exchange, as described in the “Conclusion of a Stock Exchange Agreement Concerning the Making of Minasia a Wholly Owned Subsidiary through Stock Exchange, and Changes in Major Shareholders, Parent Companies, and Subsidiaries”. Also, after the effective date of this stock exchange, two monetary consumption loan agreements (4.3 billion yen) were concluded with the company, Minasia, and SAJP in order to collectively repay Minasia's loans from SAJP belonging to the Star Asia Group, which is the company's parent company group, and for the purpose of refinancing the company's existing borrowings, and for the purpose of refinancing the company's existing loans It was announced that a billion yen, 1.5 billion yen) will be concluded.
In implementing this stock exchange, from the viewpoint of reducing the dilution rate for shares held by the company's existing shareholders as much as possible, in order to procure funds of 5 billion yen to use part of the compensation for this stock exchange as cash consideration, 4.3 billion yen of repayment funds for loans from SAJP, which is Minasia's current shareholder, agent fees for this syndicated loan, and 0.7 billion yen of payment funds for costs related to this stock exchange, etc. Conclude a syndicated loan. The composition amount is 10 billion yen.
