Financial Wire

Bengo4.com Secures 2.7 Billion Yen in Loans for Acquisition

-- Bengo4.com (TYO:6027) has agreed to borrow a total of 2.7 billion yen from MUFG Bank, Sumitomo Mitsui Banking Corp., and The Bank of Yokohama, according to a Tokyo bourse filing on Wednesday.

The new loans, which consist of a 1.5 billion yen 10-year loan and two five-year loans of 700 million yen and 500 million yen, each, will be used to acquire shares of Mikata Small Amount Short Term Insurance.

The unsecured, unguaranteed borrowings are scheduled to be drawn down on April 24, with repayment through equal instalments of principal.

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