Syndicated term loan · Climate tech
NEXTES announces ¥2bn syndicated loan for battery production
Shoko Chukin arranged the nine-bank financing for manufacturing and research.
NEXTES announced a ¥2 billion syndicated term loan on October 16. The agreement was signed on September 17, with Shoko Chukin arranging the financing alongside eight regional banks.
The funding will strengthen stationary-battery production and research. A Japanese small-business support programme guarantees 50% of the lending.
Participating banks include Shizuoka, Keiyo, Hokkoku, Joyo, Yokohama, 77 Bank, Chiba and Yamanashi Chuo. NEXTES develops battery-control technology and storage systems used to manage variable renewable-power supply.
Use of funds
Stationary battery production
Research and development
Funding history
Syndicated term loan · This round¥2B