Asia
Takamiya Secures 4 Billion Yen Syndicated Loan with Financial Covenants
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.
TYO:2445
