Star Asia Investment Corp. (JP:3468) has released an update.
Star Asia Investment Corporation (SAR) has announced a refinancing plan for its 3,785 million yen long-term debt, set to mature on October 21, 2024. The refinancing will be through unsecured and unguaranteed borrowings with a floating interest rate, arranged by a syndicate led by Sumitomo Mitsui Banking Corporation and Mizuho Bank, Ltd. The refinanced sum will be used to repay existing loans, with no change in the overall borrowing amount post-refinancing.
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