Asia
Nippon Coke and Engineering Extends 24.8 Billion Yen Credit Line to 2027
Nippon Coke & Engineering (TYO:3315) is extending its 24.8 billion yen commitment line to April 2027 from April 2026 while revising financial covenants, according to a Friday filing on the Tokyo Stock Exchange.The company is tightening its net asset requirement to at least 80% of fiscal 2026 levels, reflecting impairment losses linked to coke production restructuring and recent balance sheet trends.Sumitomo Mitsui Banking arranged the facility with 14 participating lenders, and the unsecured line will continue to support working capital.
TYO:3315
