Daito Trust Construction Co.,Ltd.
Conclusion of a money lending agreement with financial covenants
To secure growth investment funds, a syndicated loan totaling 85 billion yen arranged with Sumitomo Mitsui Banking Corporation and Mizuho Bank as arrangers will be established by 2026/09/30. As financial covenants, maintenance of net assets at 50% or more and maintenance of ordinary income in the black are set. The impact on the 2027 fiscal year performance is expected to be minor.
Key Figures
- Syndicated loan total: 35 billion yen + 50 billion yen = 85 billion yen
- Individual financing: 20 billion yen
- Final repayment date: 2031-09-30 / 2034/03/31 (tranche B end date is 2034-03-31)
- Financial covenants: maintain net assets 50% or more, maintain positive ordinary income (from applicable year onward)
AI要約
Overview of funding
The disclosed money lending agreement with financial covenants is aimed at securing growth investment funds and building a stable funding base. It comprises a 35 billion yen syndicated loan arranged with Sumitomo Mitsui Banking Corporation and a 50 billion yen syndicated loan arranged with Mizuho Bank, totaling 85 billion yen. The contract date, borrowing dates, final repayment date, and applicable interest rates are as stated in the PDF. The financial covenants require the maintenance of net assets at 50% or more and maintenance of a positive ordinary income under certain conditions.
Impact on future results and disclosure
The impact on the results for the year ending March 2027 is expected to be minor, and if there is a material impact on performance, disclosure will be made promptly. Repayment is a lump-sum at maturity, with covenants in place to maintain financial health. Individual terms with each financial institution are also noted.
Daito Danchi Co., Ltd.
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