Ki-Star Real Estate Co.,Ltd
Notice regarding the increase and amendment of a loan agreement with financial covenants
To secure funds for the single-family home development business, the company will increase and revise the credit limits with Mizuho Bank and MUFG Bank. Contract period from September 30, 2026 to September 30, 2027, total financing framework expanded by approximately 2.15 trillion yen. Includes financial covenants. Expected only a minor impact on the results for the fiscal year ending March 2027.
Key Figures
- Maximum credit amount (Mizuho Bank): 13,000 million yen
- Maximum credit amount (MUFG Bank): 11,500 million yen
- Total increase: 24,500 million yen
- Contract period: 2026-09-30 to 2027-09-30
- Use of funds: Funds for land acquisition in the single-family detached housing project
AI要約
Overview
This news notifies the strengthening of financing to secure land acquisition funds for the core detached housing business by increasing and re-concluding existing contracts with Mizuho Bank and MUFG Bank. Each bank sets an increased maximum credit amount (13,000 hundred million yen and 11,500 hundred million yen, respectively) and a contract period from September 30, 2026 to September 30, 2027. The use of funds is for land acquisition, collateral is the land to be acquired, and financial covenants are included.
Impact on future results and outlook
The impact of these contracts on the fiscal year ending March 2027 is expected to be minor, and the company will promptly disclose any material effects. The arrangement is positioned as part of strengthening the financial base and securing stable funding.
Ki-Star Real Estate Co.,Ltd
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