GreenEnergy & Company Inc. [1436.T]
TOKYO, Jun 24 (Pulse News Wire) – GreenEnergy & Company Inc. (1436.T) announced that its subsidiary, GreenEnergy Plus Co., Ltd., completed a loan agreement with Mizuho Bank based on resolutions made at a board meeting held on October 21, 2025.
Additionally, the company decided to set up parent company guarantees for the financing contract during a board meeting. The purpose of the loan is to support the expansion of renewable energy and GX-related businesses across the country, aligning with the company's mid-term management plan "Green300." The initial borrowing amount is ¥700 million, with an overdraft limit of ¥1 billion. The interest rate is benchmark plus spread, and the loan will be effective on February 25, 2026, with a term of one year. The company will act as a joint guarantor for the loan, subject to maintaining net assets of 75% yen as of April 2025 and avoiding consecutive losses in ordinary profit for two fiscal quarters starting from April 2026. Furthermore, the overdraft limit was increased to ¥2 billion from the previous level of ¥1 billion.
The revised limit will take effect in June 2026, also subject to similar financial covenants. In the near future, the impact of this borrowing on the consolidated performance of GreenEnergy & Company Inc. is expected to be minor. Any necessary adjustments to earnings forecasts will be promptly disclosed. GreenEnergy Plus Co., Ltd., headquartered at 1-2-20 12F, has a capital of ¥20 million and focuses on developing and selling GX-related products.
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