Hanwa : Notification regarding decision on prepayment of capital loans
June 27, 2022 at 03:46 am EDT
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Date: June 27, 2022
Contact:
Executive Officer for Accounting
Hisashi Honda
Tel: +81-3-3544-2000
Notification regarding decision on prepayment of capital loans
On June 27, 2022, Hanwa Co., Ltd. ("The Comapny") announces that it decided on prepayment of capital loans, as follows:
1. Prepayment of capital loans
Date of decision June 27, 2022
Details of prepayment loans
Lenders
Sumitomo Mitsui Banking Corporation, Mizuho Bank,
MUFG Bank, and Sumitomo Mitsui Trust Bank
Total loan amount
120,000 million yen
Loan interest rate
Standard interest rate + spread
Resolution date
March 8, 2022
Loan dates
March 8 -11, 2022
Loan period
6 months from the loan date
Prepayment date
June 30,2022
2. Reason for prepayment
In response to The Russian military invasion of Ukraine has caused a rise in futures prices on the LME, The Company borrowed 120,000 million yen. However, due to the recent decline in futures prices and the decrease in the long-term guarantee deposit, we decided to prepayment the above loan of 120,000 million yen in full on June 30th.
3. Future forecast
The impact on its earnings to be negligible.
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Disclaimer
Hanwa Co. Ltd. published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 07:45:05 UTC.
HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.
HANWA CO., LTD. 
