TOKYO, Apr 13 (Pulse News Wire) – Gree Co. (505A.T) resolved at its regular board meeting held , to enter into commitment line agreements aimed at ensuring liquidity and enhancing financial stability.
Under the agreement with Mizuho Bank, Gree Co. secured a borrowing limit of [NUM_0] with interest rates based on benchmark rates plus spread. The contract duration spans from April 20, 2026, to April 20, 2027, with options for up to two extensions totaling three years.
Additionally, Gree Co. entered into another agreement with Chukyo Central Credit Union, securing a borrowing limit of [NUM_1] under similar terms but allowing up to four extensions for a total of five years. Both agreements stipulate conditions such as maintaining net assets at levels exceeding [NUM_2] and [NUM_3] respectively, as well as avoiding consecutive losses in operating income and ordinary profit across fiscal years.
No changes are anticipated in the company's May 2026 earnings forecast due to these commitments.
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