TOKYO, May 14 (Pulse News Wire) – ARCHION Corporation (543A.T) signed two financing agreements today, allowing the company to raise funds from Toyota Motor Corporation and Daimler Truck AG based on certain conditions. At a board meeting held earlier today, ARCHION resolved to conclude a convertible bond agreement with Toyota and a regular bond agreement with Daimler Truck.
Under the convertible bond agreement, ARCHION can issue up to May 14, 2026 worth of bonds convertible into A-type preferred shares, while under the regular bond agreement, it can issue up to April 01, 2026 worth of regular bonds. The convertible bond agreement allows ARCHION to issue bonds until April 01, 2041, with a repayment term of three years from issuance, though early redemption is possible at any time thereafter. The exercise period for conversion rights begins on the day following the issuance date and lasts until the maturity date, default, loss of interest, or upon approval by the board.
Additionally, to respect independent operations and comply with competition laws, ARCHION plans to maintain Toyota's voting rights below [NUM_4]% post-conversion. Under the regular bond agreement, ARCHION can issue bonds until April 01, 2029, also with a repayment term of three years from issuance, but early redemption is allowed at any time thereafter. Both agreements aim to ensure smooth operation of the group post-business integration and enhance financial flexibility.
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