Source disclosure: February 09, 2026
Achilles Corporation [5142.T]
TOKYO, Feb 09 (Pulse News Wire) – Achilles Corporation (5142.T) announced today that its board of directors, meeting on February 09, 2026, approved the signing of a syndicated loan agreement with special financial covenants aimed at securing long-term operational funds, including refinancing existing borrowings. The agreement involves six financial institutions led by Mizuho Bank and Mitsubishi UFJ Bank, with a total principal amount of ¥5.400 billion.
The loan is scheduled to be finalized on February 18, 2026, and will remain interest-free until February 20, 2029. Notably, the arrangement does not require collateral. Under the financial covenants attached to the loan, the company must maintain its consolidated and individual balance sheet equity at or above 75% percent of the previous fiscal year-end level.
Additionally, the ordinary profit for two consecutive fiscal years beginning March 2026 must avoid losses. In a statement, the company indicated that the impact of this agreement on its performance for the fiscal year ending March 2026 is expected to be minor. Any further significant developments related to this transaction will be disclosed promptly.
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