Astroscale ¥7bn loan and credit facility from MUFG Bank (2024)
Future services and projects; total debt raised ¥21bn
Key terms
- Borrower or issuer
- Astroscale
- Date
- 15 Mar 2024
- Type
- Bank facility
- Amount
- JPY 7bn (US$46m)
Recorded terms
- Structure
- ¥2bn loan agreement and ¥5bn credit facility
- Lenders and arrangers
- MUFG Bank, Ltd.
- Country
- Japan
Parties
- Astroscale borrower or issuer
- Lenders: MUFG
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 28 Mar 2024 | Inmarsat US$1.85bn term loan and revolver refinancing (2024) | Bank facility | US$1.85bn |
| 11 Apr 2024 | BlackSky US$20m revolving credit facility (Stifel Bank) | Bank facility | US$20m |
| 24 Apr 2024 | ispace ¥7bn Sumitomo Mitsui Banking Corporation bridge and term loans (2024) | Bank facility | JPY 7bn |
| 30 Jul 2024 | Iridium US$200m incremental term loan (2024) | Bank facility | US$200m |
| 31 Jul 2024 | ispace ¥10bn syndicated loan (2024) | Bank facility | JPY 10bn |
More from Astroscale
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 May 2026 | Astroscale ¥10bn zero-coupon euro-yen convertible bonds due 2029 | Convertible | JPY 10bn |
| 20 May 2026 | Astroscale ¥16.3bn No. 1 unsecured convertible bonds placed with Hulic | Convertible | JPY 16.3bn |
| 31 Mar 2025 | Astroscale ¥3bn commitment line from Resona Bank (2025) | Bank facility | JPY 3bn |
| 27 Apr 2023 | Astroscale ¥3bn revolving credit line from MUFG Bank (2023) | Bank facility | JPY 3bn |
| 30 Sep 2022 | Astroscale ¥5bn term loan from MUFG Bank (2022) | Bank facility | JPY 5bn |
| 31 Jan 2022 | Astroscale Japan ¥3bn loan from MUFG and Japan Finance Corporation (2022) | Bank facility | JPY 3bn |
M&A and investment involving Astroscale
| Date | Deal | Type | Value |
|---|---|---|---|
| 5 Jun 2026 | Hulic and SKY Perfect JSAT ¥4.3bn share placement in Astroscale | Strategic investment | JPY 4.3bn |
| 23 May 2025 | Astroscale ¥11.7bn international share offering | Equity raise | JPY 11.7bn |
| 5 Jun 2024 | Astroscale IPO on Tokyo Growth Market | IPO | JPY 18.84bn |
Sources
- Astroscale: Astroscale secures JPY 7 billion loan agreement with MUFG Bank astroscale.com · 15 Mar 2024
About this record
Record ORB-2024-0018, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
