Kozo Holdings to issue JPY 50m in private bonds

KOZO Holdings announced its decision to issue JPY 50 million in unsecured private placement bonds to Macquarie Bank Limited. The bonds, bearing a 0% interest rate, will be issued on June 20, 2025, with a maturity date of June 19, 2026. Each bond has a value of JPY 2,500,000, priced at JPY 100 per JPY 100 face value. Proceeds are earmarked for funding the expansion of KOZO's restaurant business, including the Taco Bell brand. The decision to issue these bonds was made to proactively secure funding ahead of potential equity financing through warrant exercises. Depending on specific triggers, KOZO may be required to redeem the bonds early.