CRG HOLDINGS CO.,LTD. [7041.T]
TOKYO, Mar 27 (Pulse News Wire) – CRG Holdings CO.,LTD. (7041.T) announced today that its board of directors approved the signing of a syndicated loan agreement with financial covenants.
The agreement, led by Sumitomo Mitsui Banking Corporation as arranger and agent, aims to refinance existing debt and support future funding needs for the group's business expansion. Key details of the term loan include a total amount of ¥2.750 billion and a borrowing period from March 31, 2026, to March 31, 2031. The loan will be repaid through equal principal installments, with interest rates based on benchmark rates plus spread.
There are no collateral requirements attached to the agreement. Financial covenants stipulate maintaining consolidated net assets at or above the higher figure between fiscal year 2025 and the immediately preceding fiscal year, avoiding consecutive losses in ordinary earnings over two periods, and keeping cash deposits with lenders at or above ¥1.100 billion since June 30, 2026, and at each quarter-end thereafter. The company expects the impact on its performance for the September 2026 fiscal year to be minor.
CRG Holdings will promptly disclose any significant developments related to this agreement going forward.
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