June 20, 2006
To whom it may concern
Fidec Corporation
President & CEO
Tsuyoshi Fukada
(Stock Code: 8423 TSE 1
st
section)
Contact Director & CFO Tsutomu Hayasaki
TEL +81-3-3580-3555
Fidec concludes an agreement on the 5.3 billion yen worth of a syndicated loan
Fidec Corporation concluded an agreement on the 5.3 billion yen worth of a syndicated loan with Mizuho Bank,
Ltd. as an arranger, effective June 20, 2006.
The Company is developing a new accounts receivable factoring service, combining its financing and
outsourcing services, and is offering new financing options for small and medium sized companies. The agreement will make possible efficient and flexible financing to respond to the financial demands of purchasing account receivables in expanding of the business of the Company.
Further, as the company already has an agreement on the 2 billion yen worth of the syndicated loan with The Bank of Yokohama, Ltd. as an arranger, the total amount of financing available is now 7.3 billion yen.
Outline of the syndicated loan
1.
Loan amount
5.3 billion yen
2.
Repayment period
From 20 June, 2006 to 19 June, 2007
3.
Arranger
MIZUHO Bank Limited
4.
Number of participating banks in facility
9
(End of document)