DREAM VISION CO.,LTD. [3185.T]
TOKYO, Mar 31 (Pulse News Wire) – Dream Vision CO.,LTD. (3185.T) resolved to amend loan agreements and enter guarantee contracts with its parent company, RIZAP Group, and subsidiaries Narakameche Japan and Tricente.
The amendments involve four extreme loan agreements set to expire on March 28, 2025. Under the amended agreements, the loan term for contract ① is shortened compared to previous conditions but remains consistent with group-wide lending rate policies. This adjustment does not hinder the company's funding operations or supply of funds to subsidiaries. Additionally, the company secured joint guarantees from the parent company for debts owed by Narakameche Japan and Tricente, ensuring minimal damage in case of default. Contract details include: - Contract ①: Loan amount up to ¥1.100 billion; interest rate 5.00%; repayment due on March 28, 2025. - Contract ②: Loan amount up to ¥300 million; interest rate 5.00%; repayment due on March 28, 2025.
- Contract ③: Loan amount up to ¥300 million; interest rate 5.00%; repayment due on March 28, 2025. - Contract ④: Loan amount up to ¥400 million; interest rate 5.00%; repayment due on March 28, 2025. Independent directors reviewed the transactions and confirmed their fairness and alignment with minority shareholder protection policies. The adjustments ensure reasonable interest rates and maintain operational flexibility without excessive economic burden. Impact on performance is deemed negligible based on current forecasts. Further impacts will be assessed upon execution.
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