March 25, 2011
Company Name: eAccess Ltd.
Representative: Sachio Semmoto,
Representative Director, Chairman
(Code Number: 9427
First Section of the Tokyo Stock Exchange)
Contact: Sayaka Iida, Senior Vice President
Public Relations and Investor Relations
(TEL: 03-3588-7200)
Issuance of US Dollar and Euro Denominated Senior Notes
As announced in the press release dated March 9, 2011 (“Announcement Regarding Refinancing of Debt of EMOBILE Ltd.”)
(in Japanese), eAccess Ltd. (“eAccess” or the “Company”) plans to issue foreign currency denominated senior notes (the “Notes”)
as part of its refinancing of borrowings totaling JPY165 billion under the existing credit facilitiy of its wholly-owned subsidiary,
EMOBILE Ltd. (“EMOBILE”). eAccess hereby announces that as of March 24, 2011 (Eastern Standard Time), the terms of the
Notes issuance with a total amount of approximately 57 billion yen have been determined as follows:
1.
US Dollar denominated senior notes
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Aggregate principal amount
Issue price
Interest rate
Issue date
Interest payment date
Maturity
Amount payable at maturity
Offering region
Rating2
(10)
Use of proceeds
(11)
Others
$420,000,000 (approximately JPY 34.0 billion1)
100.0% of principal amount
8.250%
April 1, 2011 (Eastern Daylight Time)
April 1 and October 1 of each year (first interest payment date, October 1, 2011)
April 1, 2018 (unless otherwise redeemed or repurchased)
100.0% of principal amount
The United States and other overseas markets
Ba3 (provisional) (Moody's Japan K.K.)
BB (Standard & Poor’s Ratings Services)
Prepayment of the borrowings under the syndicated loan announced in the press
release dated March 9, 2011 (“Announcement Regarding Refinancing of Debt of
EMOBILE Ltd.”)
Entry into a foreign currency swap transaction is contemplated. If consummated,
the amount which the company will receive at issuance and the interest and
principal to be paid on the Notes will be in Japanese yen.
2.
Euro denominated senior notes
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Aggregate principal amount
Issue price
Interest rate
Issue date
Interest payment date
Maturity
Amount payable at maturity
Offering region
Rating2
(10)
Use of proceeds
(11)
Others
€200,000,000 (approximately JPY 22.8 billion1)
100.0% of principal amount
8.375%
April 1, 2011 (Eastern Daylight Time)
April 1and October 1 of each year (first interest payment date, October 1, 2011)
April 1, 2018 (unless otherwise redeemed or repurchased)
100.0% of principal amount
The United States and other overseas markets
Ba3 (provisional) (Moody's Japan K.K.)
BB (Standard & Poor’s Ratings Services)
Prepayment of the borrowings under the syndicated loan announced in the press
release dated March 9, 2011 (“Announcement Regarding Refinancing of Debt of
EMOBILE Ltd.”)
Entry into a foreign currency swap transaction is contemplated. If consummated,
the amount which the company will receive at issuance and the interest and
principal to be paid on the Notes will be in Japanese yen.
Notes:
1
$1.00 = ¥80.98 , the exchange rate in effect as of March 24, 2011. €1.00 = ¥114.22, the exchange rate in effect as of March
24, 2011.
2
These ratings have been provided by S&P and Moody’s (provisional). A securities rating is not a recommendation to buy,
sell or hold securities, may be subject to revision or withdrawal at any time and each rating should be evaluated
independently of any other rating.
END
This document is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States
absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made
by means of a prospectus that will contain detailed information about the issuer and management, as well as financial statements.
The securities referred herein are not registered and no public offering of the securities will be made in the United States.