ispace ¥10bn syndicated loan (2024)
Working capital for lunar lander and rover development; replaced an April 2024 SMBC bridge loan
Key terms
- Borrower or issuer
- ispace
- Date
- 31 Jul 2024
- Type
- Bank facility
- Amount
- JPY 10bn (US$66m)
- Pricing
- Floating (base rate plus spread)
- Maturity
- 2027-10
Recorded terms
- Structure
- Unsecured syndicated term loan, three years three months, bullet repayment
- Lenders and arrangers
- Sumitomo Mitsui Banking Corporation (arranger and agent), Mizuho Bank (co-arranger), Sumitomo Mitsui Trust Bank, The Shoko Chukin Bank, SBI Shinsei Bank, Aozora Bank and Resona Bank
- Country
- Japan
Parties
- ispace borrower or issuer
- Lenders: Mizuho, Shoko Chukin Bank, Resona Bank, Aozora Bank, SBI Shinsei Bank, SMBC Group, Sumitomo Mitsui Trust Bank
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 30 Jul 2024 | Iridium US$200m incremental term loan (2024) | Bank facility | US$200m |
| 11 Apr 2024 | BlackSky US$20m revolving credit facility (Stifel Bank) | Bank facility | US$20m |
| 28 Mar 2024 | Inmarsat US$1.85bn term loan and revolver refinancing (2024) | Bank facility | US$1.85bn |
| 15 Mar 2024 | Astroscale ¥7bn loan and credit facility from MUFG Bank (2024) | Bank facility | JPY 7bn |
| 20 Feb 2025 | Synspective ¥8.1bn syndicated term loan (2025) | Bank facility | JPY 8.1bn |
More from ispace
| Date | Financing | Type | Amount |
|---|---|---|---|
| 9 Sep 2026 | ispace ¥3bn Shizuoka Bank loan (2026) | Bank facility | JPY 3bn |
| 23 May 2025 | ispace ¥10bn Sumitomo Mitsui Banking Corporation loan (2025) | Bank facility | JPY 10bn |
| 15 May 2025 | ispace ¥5bn Mizuho Bank loan (2025) | Bank facility | JPY 5bn |
| 26 Mar 2025 | ispace ¥1.4bn Sumitomo Mitsui Trust Bank term loan (2025) | Bank facility | JPY 1.4bn |
| 24 Apr 2024 | ispace ¥7bn Sumitomo Mitsui Banking Corporation bridge and term loans (2024) | Bank facility | JPY 7bn |
| 30 Aug 2023 | ispace ¥3bn Sumitomo Mitsui Banking Corporation loan (2023) | Bank facility | JPY 3bn |
M&A and investment involving ispace
| Date | Deal | Type | Value |
|---|---|---|---|
| 12 Apr 2023 | ispace IPO on Tokyo Growth Market | IPO | JPY 6.73bn |
Sources
- ispace: ispace secures approximately US$62 million in new financing ispace-inc.com · 12 Jul 2024
About this record
Record ORB-2024-0019, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
