- Region: North America
- Manufacturing and Services
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed today a loan agreement amounting to JPY4,000 million with ROUND ONE Corporation (ROUND ONE). The loan is extended under JBIC’s Growth Investment Facility*1 and is co-financed with Sumitomo Mitsui Trust Bank, Limited, THE BANK OF KOCHI, LTD., THE SHIGA BANK, LTD., and Kiraboshi Bank, Ltd., bringing the total co-financing amount to approximately JPY8,478 million.
The loan is intended to provide the funds required by Round One Entertainment Inc. (ROEI), a US subsidiary of ROUND ONE, to operate complex amusement stores.
ROUND ONE operates leisure complexes with bowling alleys, arcade games, karaoke, etc., across Japan. In addition to its domestic business, the company established ROEI in the United States in 2009 and aims to expand business operations there further, where bowling is a very popular pastime, by utilizing its experience in operating leisure complexes. The loan will support ROUND ONE’s overseas business expansion, thereby contributing toward maintaining and improving the international competitiveness of Japanese industry.
As Japan’s policy-based financial institution, JBIC will continue to support the overseas business expansion of Japanese companies by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.