Astroscale ¥3bn commitment line from Resona Bank (2025)
Working capital; broaden flexible funding for growth investment and optimise interest costs
Key terms
- Borrower or issuer
- Astroscale
- Date
- 31 Mar 2025
- Type
- Bank facility
- Amount
- JPY 3bn (US$20m)
- Maturity
- 2028-03-31
Recorded terms
- Structure
- Three-year bilateral committed credit line, unsecured and unguaranteed; floating rate (base rate plus spread); fully drawn on signing; covenants: positive consolidated net assets and cash plus order backlog of at least ¥5bn
- Lenders and arrangers
- Resona Bank (bilateral)
- Country
- Japan
Parties
- Astroscale borrower or issuer
- Lenders: Resona Bank
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 26 Mar 2025 | ispace ¥1.4bn Sumitomo Mitsui Trust Bank term loan (2025) | Bank facility | JPY 1.4bn |
| 20 Feb 2025 | Synspective ¥8.1bn syndicated term loan (2025) | Bank facility | JPY 8.1bn |
| 15 May 2025 | ispace ¥5bn Mizuho Bank loan (2025) | Bank facility | JPY 5bn |
| 23 May 2025 | ispace ¥10bn Sumitomo Mitsui Banking Corporation loan (2025) | Bank facility | JPY 10bn |
| 30 May 2025 | Voyager Technologies US$200m revolving credit facility (2025) | Bank facility | US$200m |
More from Astroscale
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 May 2026 | Astroscale ¥10bn zero-coupon euro-yen convertible bonds due 2029 | Convertible | JPY 10bn |
| 20 May 2026 | Astroscale ¥16.3bn No. 1 unsecured convertible bonds placed with Hulic | Convertible | JPY 16.3bn |
| 15 Mar 2024 | Astroscale ¥7bn loan and credit facility from MUFG Bank (2024) | Bank facility | JPY 7bn |
| 27 Apr 2023 | Astroscale ¥3bn revolving credit line from MUFG Bank (2023) | Bank facility | JPY 3bn |
| 30 Sep 2022 | Astroscale ¥5bn term loan from MUFG Bank (2022) | Bank facility | JPY 5bn |
| 31 Jan 2022 | Astroscale Japan ¥3bn loan from MUFG and Japan Finance Corporation (2022) | Bank facility | JPY 3bn |
M&A and investment involving Astroscale
| Date | Deal | Type | Value |
|---|---|---|---|
| 5 Jun 2026 | Hulic and SKY Perfect JSAT ¥4.3bn share placement in Astroscale | Strategic investment | JPY 4.3bn |
| 23 May 2025 | Astroscale ¥11.7bn international share offering | Equity raise | JPY 11.7bn |
| 5 Jun 2024 | Astroscale IPO on Tokyo Growth Market | IPO | JPY 18.84bn |
Sources
- Astroscale Holdings TDnet notice: conclusion of commitment line agreement www2.jpx.co.jp · 14 Mar 2025
- Astroscale Holdings TDnet notice: borrowing of funds www2.jpx.co.jp · 31 Mar 2025
About this record
Record ORB-2025-0031, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
