TOKYO, Mar 24 (Pulse News Wire) – ES-CON JAPAN Ltd. (8892.T) announced today that its board of directors approved a refinancing plan involving a syndicated loan agreement with financial covenants.
The move aims to support future growth strategies and stabilize finances. Under the agreement, ES-CON JAPAN will refinance existing borrowings through a syndicated term loan arranged by Mitsubishi UFJ Bank. The total amount of the loan is ¥22.70 billion. The borrowing will take place on March 27, 2026 and will mature on June 28, 2030.
The interest rate will be based on the All-Japan Banks’ one-month TIBOR plus 0.40% basis points. Key financial covenants stipulate that the consolidated net assets must be maintained at least 75% higher than the previous fiscal year-end balance starting from the end of March 2026. Looking ahead, the company stated there would be no changes to its previously disclosed earnings forecast for the fiscal year ending March 2026. Any significant developments will be promptly communicated to stakeholders.
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