TOKYO, May 29 (Pulse News Wire) – BPLATS,Inc. (4381.T) announced today that it has reached an agreement with GP, the holder of its convertible bonds, not to exercise early redemption rights related to a breach of financial covenants.
On May 14, 2026, BPLATS disclosed that due to a breach of a financial covenant stipulating that the consolidated net assets at the end of fiscal year 2026 and subsequent fiscal years should not fall below a certain percentage of the previous fiscal year's consolidated net assets, GP had the right to request partial or full early redemption of the bonds. Following negotiations with GP, managed and operated by Growth Partners Co., Ltd., BPLATS secured a written agreement dated May 29, 2026, confirming that GP would not exercise their early redemption rights despite the breach of the financial covenant.
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