Premium Group Unit Secures 18.5 Billion Yen from Major Lenders for Working Capital
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Premium Group's consolidated subsidiary has secured a total of 18.5 billion yen from major lenders for working capital, according to its bourse filing on Tuesday. The loans carry fixed interest rates based on prevailing market conditions and a five-year repayment term. The borrowings, scheduled for execution on April 30, were provided by Aozora Bank (5 billion yen), Mizuho Bank (5 billion yen), Rakuten Bank (4.5 billion yen), and Sumitomo Mitsui Banking Corp. (4 billion yen).
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