Hoosiers Holdings Co., Ltd.
Notice regarding the execution of a money-lending finance agreement with financial covenants by a consolidated subsidiary
Fujiya Corporation, a consolidated subsidiary, plans to raise a syndicated loan of 6,000 hundred million yen to fund land/building costs and other purposes. With financial covenants such as maintenance of net assets and operating income, the impact on consolidated results for the fiscal year ending March 2027 is expected to be minor.
Key Figures
- Debt principal: 6,000 million yen (planned)
- Repayment deadline: September 30, 2026 to March 31, 2029
- Collateral: provisional registration of a mortgage on the borrower's owned land; Joint guarantor: the Company
- Impact on fiscal year ending March 2027: Minor
AI要約
Overview of the contract
Fujiya Corporation has announced plans to execute a covenanted money-lending agreement with a financial institution to obtain funds. The basic terms including contract date, counterparty, principal, repayment period, collateral, and joint guaranty are disclosed, and the borrowing purpose is for land acquisition and building construction financing, among others.
Financial impact and outlook
The financial impact of the covenanted loan is expected to be limited, with a minor effect on the consolidated results for the fiscal year ending March 2027. The terms require maintenance of net assets and ordinary income, reflecting consideration for short-term financial soundness.
Hoosiers Holdings Co., Ltd.
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