True Data Inc.
Execution of a Loan Agreement with Financial Covenants
To finance the acquisition of Cosmonet shares, a loan agreement with financial covenants was executed with The Bank of Mitsubishi UFJ. Principal is 200 million yen, maturity is October 9, 2031, unsecured, and covenants include maintaining 100% ownership of Cosmonet.
Key Figures
- Loan principal under the loan agreement: 200 million yen
- Repayment maturity: 2031-10-09
- Collateral: Unsecured
AI要約
Key Points of the Agreement
Based on a resolution of the Board of Directors, the Company has entered into a loan agreement with financial covenants for the purpose of financing the acquisition of Cosmonet shares. The counterparty is The Bank of Mitsubishi UFJ, the principal amount is 200 million yen, the repayment maturity is October 9, 2031, and the loan is unsecured. The covenants include maintaining a 100% investment ratio in Cosmonet, maintaining positive ordinary income, and certain financial ratios (free cash flow ÷ total annual principal and interest payments >= 1.20), among others.
Future Impact and Disclosure Policy
The Company is currently examining the impact of this borrowing on consolidated results, including the effect of Cosmonet becoming a consolidated subsidiary. If a material impact on results arises, the Company plans to promptly disclose it.
True Data Inc.
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