GAtechnologies Co.,Ltd. [3491.T]
TOKYO, Jun 25 (Pulse News Wire) – Gatechnologies CO.,LTD. (3491.T) announced today that it has decided to enter into a term loan agreement secured with financial covenants through a syndicated arrangement.
The agreement was approved during the board meeting held. The purpose of this financing is to fund the acquisition of shares in ESPC Securities Corporation, as previously disclosed on April 6, 2026. The term loan agreement includes a total amount of ¥4.478 billion. It will be arranged by Mitsubishi UFJ Bank and involves six additional banks.
The loan will be interest-bearing until June 30, 2031, without collateral. Under the terms of the agreement, GAtechnologies must maintain its consolidated capital balance at or above 75% of the higher capital balance recorded in either the previous fiscal year-end or any prior fiscal year. Additionally, the company cannot report consecutive losses over two fiscal years in its consolidated income statement. This financing arrangement is expected to have a minor impact on GAtechnologies' consolidated performance.
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