BuySell Technologies Co., Ltd. (JP:7685) has released an update.
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BuySell Technologies Co., Ltd. has announced a syndicated loan agreement of 10 billion yen to fund the acquisition of REXT Holdings, Co., Ltd., making it a wholly owned subsidiary. The loan, arranged by Mizuho Bank, Ltd. and Shizuoka Bank, Ltd., will be repaid over six years, with terms including semi-annual and lump-sum payments. This financial move has been accounted for in the revised earnings forecast, and there is no expected change to the fiscal year earnings as a result.
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