YAMADA Consulting Group Co.,Ltd.
Engagement of a committed line contract with financial covenants
Entered into a new syndicated-style committed line facility. Commitment amount: 11,000 million yen, inheriting the existing 3,998 million yen, with term from 2026-09-30 to 2032-06-30. Financial covenants include maintaining net assets at a specified level and avoiding deficits, with interest set as TIBOR plus a spread; no collateral. Expected to have a minor impact.
Key Figures
- Committed amount: 11,000 million yen
- Borrowings (carried over): 3,998 million yen
- Contract period: 2026-09-30 to 2032-06-30
AI要約
Overview
At today's Board of Directors meeting, to address funding needs accompanying business expansion, the decision was made to conclude a committed line contract with financial covenants. The previous contract's termination date was 2026-09-29, and it will be switched to the new contract, with the borrowings of 3,998 million yen carried over to the new contract. The committed amount is 11,000 million yen, with arrangers and agents being Sumitomo Mitsui Banking Corporation. The contract is syndicated, interest is TIBOR plus spread, and there is no collateral.
Financial covenants and outlook
The new contract includes financial covenants requiring that the total of net assets does not fall below a certain level, that operating profit of the consolidated statements of income is not in deficit, and that the total net assets remains above a certain portion of total assets, among other conditions. If these conditions are not met, lenders may lose their beneficial rights. The impact of this entry on the current consolidated year's performance is expected to be minor, and any material matters arising in the future will be disclosed promptly.
YAMADA Consulting Group Co.,Ltd.
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