Yokorei Co.,Ltd.
Notice Regarding Funding through New Subordinated Loan with Special Provisions and Early Redemption of Existing Subordinated Loan
Raised 10 billion yen through a new subordinated loan with special provisions and executed early redemption of existing subordinated loans. The fundraising is scheduled for September 2026, with repayment set for 35 years from the execution date. Restrictions apply to refinancing, with a medium level of capital evaluation. The impact on the 2026 September period results is expected to be minimal.
Key Figures
- Funding Amount: 10 billion yen
- Implementation Date: September 25, 2026 (scheduled)
- Total Early Redemption Amount: 10 billion yen
AI要約
Overview of Capital Policy
Yokohama Refrigeration has announced refinancing by raising a new 10 billion yen subordinated loan with special provisions and early redemption of existing subordinated loans. The scheduled implementation date is September 25, 2026, with repayment due 35 years after the implementation date. Conditions for early redemption include a consolidated shareholders' equity ratio of at least 42%, or based on a certain level of shareholders' equity, among other criteria. Dilution is not securitized. The capital assessment is expected to be medium.
Future Outlook and Impact
This refinancing aims to enhance financial stability, capital efficiency, and diversify funding sources. Interest payments can be partially deferred at the company's discretion, and loan conditions include provisions for adjusting the amount based on redemption of capital-type products such as debt redemption or buyback upon early repayment. The impact on consolidated results for the 2026 September period is expected to be minimal.
Yokohama Refrigeration Co., Ltd.
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