Company: TAK
Filing Date: 2025-06-25
Form Type: 20-F
Source: 0001395064-25-000095
Chunk: 255

Company: TAKEDA PHARMACEUTICAL CO LTD
Filing Date: 2025-06-25
Form: 20-F
Item: Item 19
Chunk 255
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 ¥                   324,633                                                                                 

(1) The Hybrid Bonds are callable on or after June 25, 2029 and the Hybrid Loan is prepayable on or after October 3, 2029.

On April 25, 2024, Takeda repaid JPY 50,000 50,000(2). Following this, on June 25, 2024, Takeda issued 60 460,000(3).

On July 5, 2024, Takeda issued USD 3,000(4). The proceeds of the USD bond issuance were efficiently deployed to fund a tender offer to redeem USD 1,500(5), with the balance of proceeds deployed towards the reduction of Commercial Paper drawings in July 2024.

On October 3, 2024, Takeda drew down a Syndicated Hybrid Loan with an aggregate principal amount of JPY 40,000(6). The proceeds of the Syndicated Hybrid Loan, together with the proceeds of the Hybrid Bonds issued on June 25, 2024 were deployed towards the redemption of JPY 500,000(7).

On March 31, 2025, Takeda prepaid JPY 313,500 1,500(8). To repay the Syndicated Loans, Takeda used cash on hand, Short Term Loan with an aggregated principal amount of USD 500 270,000(9).

In September 2019, Takeda reached an agreement on a commitment facility of JPY 700,000 700,000

This commitment facility contains certain financial covenants, one of which requires Takeda’s ratio of consolidated Adjusted Net Debt to Adjusted EBITDA, as defined in the facility agreement, for the previous twelve-month period to not surpass certain levels as of March 31 and September 30 of each year. Takeda was in compliance with all financial covenants as of March 31, 2024 and 2025, respectively.

In 2017, Takeda entered into USD to JPY cross currency interest rate swap agreements to fix the USD to JPY cross currency interest rate for USD 925 575 5,750 1,750 4,000 925 1,500

F-47

21. Other Financial Liabilities

                                                                                             JPY (millions)                            
                                                                                             As of March 31                            
                                                                                             2024                                      
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