Kyosan Electric Manufacturing Co., Ltd.
Notice on the Conclusion of a Cash Loan Agreement with Financial Covenants Attached
Entered into a syndicated commitment line contract for financing. Facility limit of 2,500 million yen, contract period from 2026/09/30 to 2027/09/30, unsecured. A financial covenant to maintain net assets in the consolidated balance sheet at 75% or more of the year-end figure for the FY2026 is established. Expected to have a minor impact going forward.
Key Figures
- Facility limit: 25,000 million yen
- Contract period: September 30, 2026〜September 30, 2027
- Financial covenants: Maintain net assets at least 75% of the FY2026 year-end level
AI要約
Overview
Kyosan Electric Manufacturing Co., Ltd. has entered into a syndicated commitment line contract with financial covenants. Counterparties are Yokohama Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, Kiraboshi Bank, and Kanagawa Bank, with a facility limit of 25,000 million yen and a contract period from 2026/09/30 to 2027/09/30. No collateral is provided.
Impact going forward
The impact on consolidated performance from this agreement is expected to be minor. The purpose is to secure financial stability and enhance financing flexibility, and there is no information indicating immediate large movements in financial indicators.
Kyosan Electric Manufacturing Co., Ltd.
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