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FINWIRES

Rakus Secures 4 Billion Yen Loan for Plus Alpha Stake Acquisition

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Rakus (TYO:3923) will borrow 4 billion yen from Sumitomo Mitsui Banking Corp. to fund its additional share acquisition of Plus Alpha Consulting.

The three-year loan, set for drawdown on Aug. 27, is repayable in equal principal installments, according to a Tokyo bourse filing on Tuesday.

Separately, the company secured a 10 billion yen special overdraft facility for working capital, maturing in one year.

The share transfer for the Plus Alpha acquisition is scheduled for Aug. 28, pending regulatory review.

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