Drecom Co.,Ltd.
Notice regarding the conclusion of a syndicated loan agreement with financial covenants
Syndicated loan of 2,000,000 thousand yen arranged as of September 25, with funding to be executed on September 30. Three-year borrowing term. Financial covenants require that net income attributable to owners of the parent for the current and next two fiscal years does not show losses. Approximately 30 million yen of non-operating expenses are expected in the second quarter of the 2027 fiscal year. No changes to full-year guidance.
Key Figures
- Arrangement amount: 2,000,000 thousand yen
- Loan period: September 30, 2026 to September 28, 2029
- Outlook: Approximately 30 million yen of non-operating expenses expected
AI要約
Syndicated loan arrangement and use of funds
Today a syndicated loan agreement was approved. The arrangement amount is 2,000,000 thousand yen, the borrowing period is three years, and it is unsecured. The arranger and agent is Sumitomo Mitsui Banking Corporation, with seven financial institutions participating. The purpose is to secure working capital, and as a financial covenant, net income attributable to owners of the parent on a consolidated basis must not be in a loss for two consecutive periods.
Impact on future performance and outlook
In the second quarter of the fiscal year ending March 2027, non-operating expenses of approximately 30 million yen are expected to be recorded. The full-year earnings guidance is not changed at this time. While aiming to stabilize cash flow through new financing, attention should be paid to potential impacts of the financial covenants on performance.
Drecom Co.,Ltd.
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