Digital GRID Corp Increases Commitment Line Facility to $X Million

TOKYO, Jul 24 (Pulse News Wire) – Digital Grid Corporation (350A.T) announced on Sunday that it had finalized amendments to its syndicated commitment line facility aimed at supporting future business expansion. The revised agreement increases the borrowing limit to ¥11.75 billion, up from the previous level of ¥5.600 billion.

The facility, arranged by Mizuho Bank, includes participation from Resona Bank, Aozora Bank, Shizuoka Bank, Fukuoka Bank, Minato Bank, Daikou Bank, Yamaguchi Chuo Bank, and Shinshu Bank. It carries a base rate plus spread interest structure and runs from July 31, 2026, to July 30, 2027, with potential extension until July 31, 2029.

The commitment line complements existing relative-type facilities and overdraft agreements totaling ¥16.35 billion with Sumitomo Mitsui Banking Corporation, Chukyo Federation Central Credit Union, and Tokyo Star Bank. The impact on consolidated performance is expected to be minor.

The company stated it would promptly disclose any significant developments arising from this arrangement.