Astroscale Holdings Extends Special Overdraft Agreement with Mizuho Bank

TOKYO, Jul 21 (Pulse News Wire) – Astroscale Holdings Inc. (186A.T) announced that its board of directors, held late on July 17, approved the extension of a special overdraft agreement with Mizuho Bank.

The renewed contract maintains key conditions from the previous agreement set to expire on July 31 and extends until June 30, 2029. Under the new agreement, the overdraft limit remains at ¥3 billion. The interest rate will continue to be based on the benchmark rate plus a spread. The agreement stipulates no negative net assets on balance sheet statements at the end of each fiscal year and requires maintaining total cash and equivalents at ¥5 billion or higher.

The agreement is unsecured and does not require guarantees. The purpose of extending the agreement is to enhance the group's financial stability by expanding flexible funding options for future growth investments and optimizing interest costs. According to the company, the impact on the consolidated performance forecast for the fiscal year ending April 2027 is expected to be minor. Astroscale Holdings will promptly disclose any significant developments related to this agreement in the future.