CHUOU INTERNATIONAL GROUP CO.,LTD. [7170.T]
TOKYO, Mar 26 (Pulse News Wire) – Chuou International Group CO.,LTD. (7170.T) announced today that it has decided to refinance its existing loans through a series of borrowings.
The refinancing includes a total amount of ¥253 million and involves multiple lenders and varying loan terms ranging from four to fifteen years. Key details of the refinancing include a borrowing from Fukuoka Bank with a term of ten years, linked to a floating rate based on the prime rate, scheduled for execution on March 30, 2026. Additionally, another borrowing of ¥34 million also spans ten years, while a separate borrowing of ¥45 million covers a four-year term.
The purpose of this refinancing is to reduce interest payment rates and enhance the stability of the company's financial foundation by extending part of the borrowed funds to longer durations. Looking ahead, the company anticipates that the impact on its consolidated performance for the fiscal year ending December 2026 will be minor. However, Chuo International Group stated that it will promptly disclose any significant developments related to this refinancing process.
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