Loan for Medical Device Manufacturing and Sales Business of US Subsidiary of Nissha
Supporting Overseas Business Expansion of Japanese Company

• Region: North America
• Manufacturing and Services
• Overseas Investment Loans

1. The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed on November 4 a loan agreement amounting to up to USD36 million (JBIC portion) with Graphic Controls Acquisition Corp. (GCAC), a US subsidiary of Nissha Co., Ltd. (Nissha). The loan is co-financed with Mizuho Bank, Ltd., bringing the total co-financing amount to USD72 million.
     
2. The loan is intended to finance the funds necessary for GCAC to conduct the business of manufacturing and sales of such products as medical devices.
     
3. Since its founding in 1929, Nissha has conducted a wide range of businesses including industrial materials, devices, and medical devices by utilizing its unique technologies such as printing and coating technologies. In 2016, Nissha acquired GCAC and its related group companies in order to expand its business portfolio by combining the technologies it has cultivated with new core technologies. Positioning GCAC and its related group companies as core companies for the manufacturing and sales business of such products as medical devices, Nissha globally manufactures and sells a variety of products including surgical devices for minimal invasive treatments^*1 and medical monitoring devices^*2, and it aims to further expand its business. The loan to GCAC will support the business of its related group companies and Nissha's overseas business expansion, thereby contributing toward maintaining and improving the international competitiveness of Japanese industry.
     
4. As Japan’s policy-based financial institution, JBIC will continue to provide financial support to assist Japanese companies in the overseas expansion of their businesses by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.
     

Note

1. *1 
   Devices for inserting long, thin instruments into small incisions for surgery.
2. *2 
   Electrocardiograph electrodes, electrodes for mapping, etc.