Yoshitsu Co., Ltd Announces New Revolving Credit Facility to Support Future Growth
The Credit Agreement lending syndicate is led by MUFG Bank, Ltd. and MUZUHO Bank Ltd. and includes 17 bank participants.
- The Credit Agreement lending syndicate is led by MUFG Bank, Ltd. and MUZUHO Bank Ltd. and includes 17 bank participants.
- Each draw advanced under the Credit Agreement will bear interest at the then Tokyo Interbank Offered Rate, or TIBOR plus 0.7 percent per annum.
- The obligations of the Company under the Credit Agreement are secured by the accounts receivable of the Company and are guaranteed by Mr. Mei Kanayama, the Principal Executive Officer ofthe Company.
- Headquartered in Tokyo, Japan, Yoshitsu Co., Ltd is a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products.