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Takamiya Secures 4 Billion Yen Syndicated Loan with Financial Covenants

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Takamiya (TYO:2445) has entered into a 4 billion yen syndicated loan agreement with City Banks, maturing on April 30, 2031, according to a Tokyo bourse filing on Thursday.

The facility includes maintenance covenants requiring consolidated net assets to stay above 75% of prior year-end levels and prohibiting ordinary losses for two consecutive fiscal years.

No collateral is required, and the agreement is expected to have a minor impact on consolidated results for the fiscal year ending March 2027.

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