Ki-Star Real Estate Co.,Ltd
Notice Regarding the Conclusion of a Syndicated Loan Agreement with Financial Covenants
KIStar Real Estate Co., Ltd. plans to conclude a syndicated loan agreement worth 8,500 million yen on January 30, 2026. The funds will be allocated to land acquisition for the detached housing business, with financial covenants attached.
Key Figures
- Total Commitment Amount: 8,500 million yen
- Agreement Conclusion Date: 2026-01-30 (scheduled)
- Commitment Period: 2026-03-31 to 2027-03-31
AI要約
Overview of the Syndicated Loan Agreement
KIStar Real Estate Co., Ltd. plans to conclude a syndicated loan agreement (commitment line) on January 30, 2026, arranged by Mizuho Bank, Ltd., with a total commitment amount of 8,500 million yen. The borrowing period is from March 31, 2026, to March 31, 2027, with a variable interest rate. The funds will be used for land acquisition in the detached housing business and collateral has been secured.
Financial Covenants and Future Outlook
This borrowing includes financial covenants requiring maintenance of net assets and avoidance of consecutive losses in ordinary income. Breach of these conditions may result in loss of benefit of term. The impact on consolidated results for the fiscal year ending March 2026 is expected to be minimal.
