TOKYO, Mar 24 (Pulse News Wire) – ART Force Japan CO.,LTD. (5072.T) resolved to enter into a syndicated loan agreement based on a special resolution passed on March 24, 2026, aimed at refinancing existing borrowings.
The total amount of the syndicated loan exceeds the consolidated net assets at the end of the previous fiscal period. Under the agreement, ART Force Japan plans to repay a specific demand draft borrowed for settling equity acquisition costs and refinance it through long-term borrowing. The loan, arranged by Shizuoka Bank, will be structured as a term loan with a total amount of ¥750 million. Key terms include a floating interest rate based on three-month TIBOR plus spread, with a maturity date set for March 06, 2026. The contract stipulates several financial covenants, such as maintaining consolidated net assets at or above 75% and ensuring two consecutive profitable quarters for ordinary income.
Additionally, Fuyono Kogyo Corporation will provide guarantee coverage for the debt. Participating financial institutions include Shizuoka Bank, Chukyo Federation of Credit Unions, Musashino Bank, and Mishima Credit Union. The loan is scheduled to be executed on March 06, 2026, with the final repayment due on March 24, 2033. In a statement, ART Force Japan emphasized its commitment to strengthening financial stability through close cooperation with banking partners, aiming to enhance corporate value while adapting to changing socio-economic conditions. The company anticipates a minor impact on its consolidated performance for the fiscal year ending December 2026 but will promptly disclose any significant developments.
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