Owner of Japan diner Royal Host secures lifeline from Sojitz, banks

Royal Holdings

15/02/2021 06:36

TOKYO, Feb 15 (Reuters) - Japan's Royal Holdings Co Ltd
 8179.T , owner of the Royal Host diner chain, said it secured a
23.8 billion yen ($226 million)financial lifeline from trading
house Sojitz Corp  2768.T  and banks as COVID-19 keeps customers
away from its restaurants. 
    Royal said it was issuing 17.8 billion yen of common shares
and share warrants to Sojitz and 6 billion yen of preferred
shares to its main lenders including Mizuho Bank, part of Mizuho
Financial Group  8411.T . 
    
    ($1 = 105.1100 yen)

 (Reporting by Chris Gallagher and Ritsuko Ando; Editing by Tom
Hogue)
 ((Ritsuko.Ando@reuters.com; +81 3 6441 1743;))