Invincible Investment Secures 6.5 Billion Yen in New Loan Agreements
Invincible Investment (TYO:8963) has entered into a 6.5 billion yen new term loan agreement to replenish cash on hand, according to a Tokyo bourse filing on Wednesday.The new loan was secured following the redemption of 5 billion yen in corporate bonds and the repayment of 1.5 billion yen of existing borrowings.The new financing includes a 1 billion green loan from the Development Bank of Japan, with proceeds used to refinance debt tied to the BELS-certified Hotel MyStays Premier Kanazawa.The remaining loans are split among other lenders, with Mizuho Bank providing 1.7 billion yen, MUFG Bank 2.15 billion yen, and Sumitomo Mitsui Banking Corp. 1.65 billion yen, all maturing on July 16, 2029, with floating interest rates at 1-month JPY TIBOR plus 0.250%.
