Wakachiku Construction Co., Ltd.
Implementation of Borrowing Based on Commitment Line Agreement
Wakachiku Construction Co., Ltd. plans to execute a borrowing of JPY 8,500 million on February 6, 2026, based on a commitment line agreement concluded with 10 financial institutions for efficient working capital procurement.
Key Figures
- Borrowing Date: 2026-02-06
- Borrowing Amount: JPY 8,500 million (new borrowing after repaying existing borrowing of JPY 13,000 million)
- Repayment Deadline: 2026-03-24
AI要約
Background and Details of Borrowing
Wakachiku Construction Co., Ltd. decided to execute a borrowing on February 6, 2026, aimed at efficient procurement of working capital, under a commitment line agreement totaling JPY 13,000 million concluded with 10 financial institutions. The existing borrowing of JPY 13,000 million will be repaid, and a new borrowing of JPY 8,500 million will be undertaken. The borrowing will be unsecured and conducted under a syndicated commitment line agreement.
Financial Covenants and Future Outlook
The agreement includes financial covenants requiring maintenance of at least 75% of net assets on the standalone balance sheet as of the fiscal year ending March 2025 or the immediately preceding fiscal year-end, and no consecutive two-period losses in ordinary income on the standalone income statement. The impact of this borrowing on performance is expected to be minimal.
