NTN Corporation
Notice Regarding Conclusion of Subordinated Term Loan Agreement
Concluded a subordinated term loan agreement of 22 billion yen on February 19, 2026, scheduled for execution on March 11, 2026. The repayment date is March 13, 2056.
Key Figures
- Amount Raised: JPY 22 billion
- Contract Date: 2026-02-19
- Repayment Date: 2056-03-13
AI要約
Overview of the Subordinated Term Loan Agreement
NTN Corporation concluded a subordinated term loan agreement of JPY 22 billion on February 19, 2026, scheduled for execution on March 11, 2026. The repayment date is March 13, 2056, with prepayment possible after five years on interest payment dates due to tax reasons and other conditions. Detailed terms including refinancing restrictions, discretionary suspension of interest payments, and priority ranking have also been established. The acquired credit rating is BBB-, and it is evaluated as capital nature “Class 3, 50% capital treatment.”
Capital Policy and Impact on Investors
This loan is positioned as a highly capitalized subordinated debt and contributes to capital enhancement. Due to refinancing restrictions, prepayment requires financing with instruments of equal or higher capital quality, ensuring financial stability. The ability to defer interest payments at the company’s discretion and the payment priority ranking equivalent to preferred stock in cases such as corporate reorganization proceedings are also important points for investors.
