Astena Holdings Co., Ltd.
Notice of the Conclusion of a Cash Deposit and Loan Agreement with Financial Covenants
Entered into a loan with covenants related to subsidiary financing. Counterparty is a syndicated group arranged by Sumitomo Mitsui Banking Corporation; principal is 4,300 million yen; repayment due date is December 25, 2035. A financial covenant requires maintaining a net asset value level at the end of the period after November 2025 at least equal to the level at the end of November 2024 or the most recent fiscal year-end, and that consolidated ordinary income for the period after November 2025 will not be recorded as a loss for two consecutive periods. Expected to have minimal impact on results. Apology for the disclosure delay. Also includes forex information (JPY/USD 0.00638).
Key Figures
- Principal under money-lending agreement: 4,300 million yen
- Maturity date: from January 31, 2026 to December 25, 2035
- Net asset maintenance level: maintain at least an amount equivalent to 75%
- Ordinary income: not to incur losses for 2 consecutive periods
- Exchange rate information: JPY/USD 0.006382435537401072
AI要約
Section Heading
Asta Holdings has entered into a cash deposit and loan agreement with covenants to fund the acquisition of Ikeda Sangyo Co., Ltd. by its subsidiary Iwaki Co., Ltd. The agreement was arranged with a syndicate led by Sumitomo Mitsui Banking Corporation, and the principal amount is 4,300 million yen. There is no collateral, and the repayment deadline is December 25, 2035.
Section 2 Heading
The covenants require maintaining the total amount of net assets at the end of the fiscal year after November 2025 at least equal to the level at the end of November 2024 or the most recent fiscal year-end, and ensuring that consolidated ordinary income for the period after November 2025 is not in loss for two consecutive periods. This is intended to secure short-term financial stability. We deeply apologize for the disclosure delay. The impact on performance is considered to be minor.
Astena Holdings Co., Ltd.
Company overview · Stock price · Financial data · All IR
