January 27, 2011
To whom it may concern
Fidec Corporation
Toru Mukai, President
(Tokyo Stock Exchange, First Section; Code: 8423)
Contact: Takeshi Sugahara
Director of Financial Dept
TEL +81-47-314-0650

Execution of a syndicated loan agreement

This is to inform you that Fidec Corporation (hereinafter referred to as the “Company”) has executed a syndicated loan agreement amounting to JPY 15,200,900,000 with Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation as lead arrangers as of January 27, 2011, for the purpose of securing the funds for factoring of receivables. Details are described below.

Details
1. Description of the syndicated loan
１） Amount JPY 15,200,900,000
２） Lenders 20 financial institutions including Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation
３） Arrangers Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation
４） Period From January 31, 2011 to January 31, 2012

2. Purpose and background of the financing
The Company operates accounts receivable factoring service by combining financial services and outsourcing
services, primarily to help improve cash flow of the small and middle-size companies. In order to promote such
services we believe that smooth and large scale financing for the Company is essential.
Meanwhile, the Company was burdened by bad debt at the closing of the second quarter of the fiscal year
ending March 2011. This situation conflicted with the provision of financing limitation under the existing
syndicated loan agreement (amounting to JPY 16,023 million) due on March 31, 2011, which could lead to the
acceleration of the maturity of the indebtedness of the Company at the request of majority lenders. We
therefore promoted negotiations with joint lenders to refinance the existing syndicated loan due on March 31,
2011, in advance, taking enough measures for capital strengthening. As announced today in the press release
regarding “the completion of payment for issuance of new shares by third-party allotment”, we succeeded to
cancel the bad debt and enhance capital adequacy based on the financing of JPY 2,000,007,000 by way of the
issue of new shares through third party allotment, which enabled us to structure a syndicated loan in advance.

3. Business developments in the future
Through the issue of new shares by third-party allotment as stated above the Company enhanced capital
adequacy and reinforced its financial base, which helped secure the funds for factoring receivables by way of
structuring a syndicated loan.
For the future, the Company will continue to seek further growth, and intend to expand C.F. Direct, its core
business and enhance incomes, by combining financing with equity and financing with loans offered by
financial institutions.

End of the document