Tess Holdings Co.,Ltd.
Notice of Conclusion of a Loan Agreement with Financial Covenants by Tess Engineering Co.,Ltd.
Tess Engineering Co.,Ltd. has concluded a loan agreement with financial covenants. Total commitment amount is 15,400 million yen, unsecured, repayment maturity is 2026-12-30, principal is 7,700 million yen. The impact on consolidated results for the fiscal year ending June 2027 is expected to be minor. If material effects arise, timely disclosure will be made.
Key Figures
- Total commitment amount: 15,400 million yen
- Loan principal: 7,700 million yen
- Repayment maturity: 2026-12-30
AI要約
Contract Overview
Tess Engineering Co.,Ltd. has concluded a loan agreement with financial covenants. The counterparty is a syndicated group, with Sumitomo Mitsui Banking Corporation acting as arranger, under a commitment line agreement with a total commitment amount of 15,400 million yen. The loan is unsecured. Both the contract execution date and the decision date are 2026-11-11.
Future Impact and Disclosure
The borrowing is intended to procure working capital, and short-term borrowings will be executed with repayment maturities on the last business day of each month according to funding needs. Financial covenants include requirements to maintain net assets and conditions on ordinary profit/loss. The impact on consolidated results for the fiscal year ending June 2027 is expected to be minor; if material impacts occur, timely disclosure will be made.
Tess Holdings Co.,Ltd.
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