Source disclosure: March 04, 2026, 16:00 JST
Published by Pulse News Wire: March 04, 2026, 16:15 JST
f-code Inc. [9211.T]
TOKYO, Mar 04 (Pulse News Wire) – f-code Inc. (9211.T) announced today that its board of directors approved the signing of a term-out option commitment line agreement worth ¥1.63 billion on March 04, 2026.
The agreement includes financial covenants aimed at financing the acquisition of AI ONE Corporation shares and strengthening AI ONE's financial foundation. Under the terms of the agreement, which was signed with Mizuho Bank, the commitment line will be active from March 09, 2026, to January 08, 2027, followed by a term loan period until February 28, 2033. The interest rate is set at the base rate plus 0.5%, with repayment methods involving a lump-sum payment for the commitment line and installment payments for the term loan. Notably, AI ONE Corporation will act as a joint guarantor for the debt. The agreement also comes with several financial covenants: 1.
As of December 31, 2026, and subsequent fiscal years, the consolidated net assets of the borrower must be maintained at 50% or higher compared to either the highest value recorded in the previous two fiscal years' balance sheets. 2. The consolidated operating profit, calculated as operating income minus other revenues plus other expenses, should avoid consecutive losses for two fiscal quarters starting from the December 2026 fiscal year. 3. The net leverage ratio, defined as (interest-bearing liabilities - cash and deposits) / EBITDA, must remain below six times throughout the contract period.
According to the company, the impact of this borrowing on its performance for the fiscal year ending December 2026 is expected to be minor.
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