Japan Display Inc. - Capital alliance with Ichigo Trust and refinancing of debt with INCJ, Ltd.
Leading Japanese law firm Nishimura & Asahi has advised Japan Display Inc. (“JDI”) [TSE: 6740], a leading manufacturer of small- and medium-sized display devices, on (i) its capital raising from Ichigo Trust (“Ichigo”), a Japanese investment management company, of a maximum of JPY 100.8 billion (approx. USD 900 million) through third-party allotment of class shares to Ichigo, and (ii) the refinancing of existing debt of approx. JPY 200 billion (approx. USD 1.8 billion) with INCJ, Ltd., a Japanese public-private investment fund. Through these transactions, JDI will increase its stated capital by a maximum of approx. JPY 200 billion (approx. USD 1.8 billion).