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Jan. 31, 2020Print(PDF/96KB)Finances

Announcement of Borrowing Funds

Sumitomo Dainippon Pharma Co., Ltd. (Head Office: Osaka, Japan; Representative Director, President and CEO: Hiroshi Nomura) today announced that it has borrowed ¥270 billion for the payment of consideration for Strategic Alliance with Roivant Sciences Ltd. As announced on December 28, 2019, Sumitomo Dainippon Pharma has completed the procedure related to stock transfers, etc. for the Strategic Alliance with Roivant Sciences on December 27, 2019.

Summary of borrowing

1 Lender Sumitomo Mitsui Banking Corporation
2 Borrowing amount ¥270 billion
3 Interest rate JBA 1-month yen TIBOR rate plus spread
4 Decision date November 26, 2019
5 Borrowing date December 26, 2019
6 Repayment date December 28, 2020
7 Guarantees and Security None