Genetec Corporation
Notice of Conclusion of a Monetary Loan Agreement with Financial Covenants
For funding related to stock acquisition, 1.8 billion yen was borrowed from Resona Bank. Loan term is 10 years, interest is variable, no collateral, financial covenants require a net asset level of at least 75% of the previous year, two consecutive years of ordinary profit, and DSCR of at least 1.1x.
Key Figures
- Borrowed amount: 1.8 billion yen (if unknown, use 'Unknown')
- Loan execution date: August 21, 2026
- Loan term: 10 years
AI要約
Contract overview
The company will borrow 1.8 billion yen from Resona Bank to finance the stock acquisition. Loan execution is on August 21, 2026; term is 10 years; interest is a floating rate (base rate + spread); there is no collateral or guarantee. The financial covenants specify maintaining consolidated net assets at 75% or more of the prior-year level, sustaining consolidated ordinary income in positive territory for two consecutive periods, and maintaining a DSCR of at least 1.1x from the fiscal year ending March 2028 onward.
Outlook and impact
The impact of this agreement on the company's consolidated results for the fiscal year ending March 2027 is expected to be minor, and the financing supports financial stability and future capital policy execution.
Genetech Corporation
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