MINATO HOLDINGS INC.
Notice Regarding Signing of Syndicated Loan Agreement
To meet funding demands arising from expansion in digital device and ICT-related businesses, a syndicated loan totaling 13 billion yen has been concluded. Term of 1 year with up to 3 extension options; interest rate is JPY TIBOR plus spread; no collateral. Financial covenants include maintaining net assets at least 75% of the greater of the end of the preceding financial year or on a per-2026 FY basis, and ordinary income not being negative for two consecutive periods. No changes to the full-year forecast for the fiscal year ending March 2027.
Key Figures
- Contract amount: 13 hundred million yen
- Contract period: 1 year（extension option up to 3 times）
- Guarantee: None
- Borrowing rate: JPY TIBOR + spread
- Outlook: No change to the full-year forecast for the FY ending March 2027
AI要約
Purpose and background of funding
As the group scales its business, there is an increasing demand for working capital. In particular, rising market prices and demand for memory products in the digital device segment and large-volume project handling in the ICT products segment are driving funding needs. The syndicated loan is concluded to enable agile funding and inventory procurement. It will also be used to refinance portions of existing borrowings to improve funding efficiency and reduce financing costs.
Contract overview and financial covenants
Total contract amount is 13 billion yen. It is a syndicated commitment line with a contract period of 1 year and up to 3 extension options at maturity. Interest rate is JPY TIBOR plus spread, with no collateral. Financial covenants require maintaining net assets at least 75% of the greater of the end of the preceding fiscal year or end of the 2026 FY period, and that ordinary income does not incur losses for two consecutive fiscal years. For future outlook, there is no change to the full-year forecast for the FY ending March 2027.
MINATO HOLDINGS INC.
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