Idemitsu Kosan Co.,Ltd. [5019.T]
TOKYO, Apr 24 (Pulse News Wire) – Idemitsu Kosan CO.,LTD. (5019.T) secured a loan agreement worth ¥174.1 billion on April 24, 2026 to fund oil reserve purchases.
The agreement includes financial covenants that could lead to loss of benefit if the company experiences significant debt or three consecutive quarters of operating losses. Key terms of the loan include: - Principal amount: ¥174.1 billion - Due date: April 24, 2025 - Lender: Independent Administrative Institution - Term: From April 24, 2026 to April 24, 2025 Financial restrictions stipulate that the company would lose the benefit of the contract if its consolidated financial statements show substantial debt or three consecutive quarters of negative ordinary profit or net income.
Regarding future outlook, the company expects minimal impact on its consolidated performance due to this loan agreement.
🟡 Confidence: Standard AI-translated content.