Current Overview on Interest Bearing Debt
Borrowings
As of February 15, 2024
| Type | Lenders | Amount (million yen) |
Interest rate | Borrowing date |
Repayment date | Manner of repayment | Notes |
|---|---|---|---|---|---|---|---|
| Long-term | SBI Shinsei Bank, Limited Mizuho Bank, Ltd. Sumitomo Mitsui Banking Corporation MUFG Bank, Ltd. Resona Bank, Limited ORIX Bank Corporation The Hiroshima Bank, Ltd. The Nanto Bank, Ltd. Oita Bank Co., Ltd. The Shonai Bank, Ltd. The San ju san Bank, Ltd. The Tochigi Bank, Ltd. |
¥ 10,648 | 0.845% (Note 1) (Note 2) (Note 3) |
October 31, 2017 | The corresponding date at 10 years from the borrowing date | Balloon (Note 4) (Note 6) |
Unsecured Non-guaranteed (Note 5) |
| Long-term | SBI Shinsei Bank, Limited Sumitomo Mitsui Banking Corporation MUFG Bank, Ltd. The Nanto Bank Ltd. The Ashikaga Bank,Ltd. The Hiroshima Bank,Ltd. |
¥ 5,722 | 1.042% (Note 1) (Note 2) (Note 3) |
September 6, 2018 | The corresponding date at 10 years from the borrowing date | Balloon (Note 4) (Note 7) |
Unsecured, Non-guaranteed (Note 5) |
| Long-term | Syndicate of lenders arranged by SBI Shinsei Bank, Limited, Sumitomo Mitsui Banking Corporation and Mizuho Bank,Ltd.as arrangers, MUFG Bank,Ltd. and Sumitomo Mitsui Trust Bank.Ltd.as co-arrangers | ¥ 14,141 | 0.8199% (Note 1) (Note 2) (Note3) |
March 8, 2020 | The corresponding date at 10 years from the borrowing date | Balloon (Note 4) (Note 8) |
Unsecured, Non-guaranteed (Note 5) |
| Long-term | Syndicate of lenders arranged by Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd. and SBI Shinsei Bank, Limited as arrangers and MUFG Bank, Ltd. and Sumitomo Mitsui Trust Bank, Limited as co-arrangers | ¥ 5,631 | 1.2695% (Note 1) (Note 2) (Note3) |
July 19, 2023 | The corresponding date at 10 years from the borrowing date | Balloon (Note 4) (Note 9) |
Unsecured, Non-guaranteed (Note 5) |
| Long-term | Syndicate of lenders arranged by Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd. and SBI Shinsei Bank, Limited as arrangers and MUFG Bank, Ltd. and Sumitomo Mitsui Trust Bank, Limited as co-arrangers | ¥ 5,631 | Base rate plus 0.45% (Note 1) (Note 2) |
July 19, 2023 | The corresponding date at 10 years from the borrowing date | Balloon (Note 4) (Note 9) |
Unsecured, Non-guaranteed (Note 5) |
| Short-term | Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd. and SBI Shinsei Bank, Limited | ¥ 1,100 | Base rate plus 0.20% (Note 1) (Note 2) |
July 19, 2023 | The earlier date of (i) July 19, 2024 or (ii) the first interest payment date after the consumption tax refund date | Bullet | Unsecured, Non-guaranteed (Note 5) |
| (Note) | Long-term refers to borrowings that have a period of over one year from the drawdown date to the maturity date. |
|---|---|
| (Note 1) | Finance-related costs paid to the lenders are not included. |
| (Note 2) | The applicable base rate for each interest calculation period for the calculation of the interest payable on the interest payment date will be respective TIBOR (Tokyo Interbank Offered Rate) rate announced by the General Incorporated Association JBA (Japanese Bankers Association) TIBOR Administration on the 2nd business day prior to the borrowing Date for the first interest calculation period and on the 2nd business day prior to the beginning of each relevant interest calculation period thereafter. |
| (Note 3) | The interest rate for the full amount of the Term Loan is effectively fixed with the execution of the interest rate swap agreements. |
| (Note 4) | CSIF can make an early repayment during the period from the drawdown date to the maturity date of all or part of our borrowings subject to certain conditions, such as prior written notice to the relevant lenders. |
| (Note 5) | The loan agreements contain restrictive financial covenants to be applied on each settlement date of CSIF, such as the total amount of interest-bearing liabilities to the total asset value (LTV), debt-to equity ratio and debt service coverage ratios as indicators to determine the ability of CSIF to repay the loan. Breaches of such covenants for 2 successive fiscal periods or an occurrence of an acceleration event could result in being required to grant security interests in favor of the lenders. |
| (Note 6) | The first principal repayment date will be June 30, 2018, and subsequent principal repayment dates will be the last days of June and December (if a principal repayment date is not a business day, then the payment will be made on the immediately succeeding business day; provided, however, that if such payment day falls into the following month, then the payment will be made on the immediately preceding business day) and the remaining principal on the Maturity Date will be repaid in a single instalment (balloon amortization). |
| (Note 7) | The first principal repayment date will be December 31, 2018, and subsequent principal repayment dates will be the last days of June and December (if a principal repayment date is not a business day, then the payment will be made on the immediately succeeding business day; provided, however, that if such payment day falls into the following month, then the payment will be made on the immediately preceding business day) and the remaining principal on the Maturity Date will be repaid in a single instalment (balloon amortization). |
| (Note 8) | The first principal repayment date will be June 30, 2021, and subsequent principal repayment dates will be the last days of June and December (if a principal repayment date is not a business day, then the payment will be made on the immediately succeeding business day; provided, however, that if such payment day falls into the following month, then the payment will be made on the immediately preceding business day) and the remaining principal on the Maturity Date will be repaid in a single instalment (balloon amortization). |
| (Note 9) | The first principal repayment date will be December 31, 2023, and subsequent principal repayment dates will be the last days of June and December (if a principal repayment date is not a business day, then the payment will be made on the immediately succeeding business day; provided, however, that if such payment day falls into the following month, then the payment will be made on the immediately preceding business day) and the remaining principal on the Maturity Date will be repaid in a single installment (balloon amortization). |
Investment Corporation Bonds
As of February 15, 2024
The Investment Corporation has not issued investment corporation bonds.
| Bond Name | Issue amount （million yen） |
Interest rate | Issue date | Redemption Date | Notes |
|---|---|---|---|---|---|
| Canadian Solar Infrastructure Investment Corporation/The 1st Unsecured Bond | 1,100 | 0.71％ | November 6, 2019 | November 6, 2024 | (Note1) |
| Canadian Solar Infrastructure Investment Corporation/The 1st Unsecured Bond/Green bond | 3,800 | 0.80% | January 26, 2021 | January 26, 2026 | (Note1) |
| (Note 1) | Unsecured,unguaranteed,repayable in one lump sum on repayment due date |
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