ispace ¥3bn Sumitomo Mitsui Banking Corporation loan (2023)
Working capital for lunar mission development and operations
Key terms
- Borrower or issuer
- ispace
- Date
- 30 Aug 2023
- Type
- Bank facility
- Amount
- JPY 3bn (US$21m)
- Maturity
- 1 year
Recorded terms
- Structure
- One-year unsecured, unguaranteed bullet loan at a floating rate, drawn 31 August 2023
- Lenders and arrangers
- Sumitomo Mitsui Banking Corporation (SMBC)
- Country
- Japan
Parties
- ispace borrower or issuer
- Lenders: SMBC Group
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Aug 2023 | Viasat US$597.5m revolving credit facility (2023 extension) | Bank facility | US$597.5m |
| 14 Aug 2023 | AST SpaceMobile US$100m senior secured term loan (Atlas Credit Partners) | Bank facility | US$100m |
| 20 Sep 2023 | Iridium US$1.5bn term loan B and US$100m revolver (2023 amendment) | Bank facility | US$1.6bn |
| 24 Jul 2023 | MEASAT US$112m refinancing of MEASAT-3b | Bank facility | US$112m |
| 10 Oct 2023 | Aireon US$175m secured term loans | Bank facility | US$175m |
More from ispace
| Date | Financing | Type | Amount |
|---|---|---|---|
| 9 Sep 2026 | ispace ¥3bn Shizuoka Bank loan (2026) | Bank facility | JPY 3bn |
| 23 May 2025 | ispace ¥10bn Sumitomo Mitsui Banking Corporation loan (2025) | Bank facility | JPY 10bn |
| 15 May 2025 | ispace ¥5bn Mizuho Bank loan (2025) | Bank facility | JPY 5bn |
| 26 Mar 2025 | ispace ¥1.4bn Sumitomo Mitsui Trust Bank term loan (2025) | Bank facility | JPY 1.4bn |
| 31 Jul 2024 | ispace ¥10bn syndicated loan (2024) | Bank facility | JPY 10bn |
| 24 Apr 2024 | ispace ¥7bn Sumitomo Mitsui Banking Corporation bridge and term loans (2024) | Bank facility | JPY 7bn |
M&A and investment involving ispace
| Date | Deal | Type | Value |
|---|---|---|---|
| 12 Apr 2023 | ispace IPO on Tokyo Growth Market | IPO | JPY 6.73bn |
Sources
- ispace TDnet: notice of borrowing (資金の借入に関するお知らせ) www2.jpx.co.jp · 30 Aug 2023
About this record
Record ORB-2023-0013, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
