TOKYO, May 21 (Pulse News Wire) – Izawa Towel CO.,LTD. (365A.T) has entered into a ¥500 million overdraft facility agreement with Mizuho Bank aimed at bolstering liquidity reserves amid uncertain economic conditions.
The contract, which carries a rate of TIBOR plus spread, was signed , and will remain effective for one year with annual renewals thereafter. The purpose of this agreement includes preparing for potential liquidity risks and enabling flexible capital management strategies in response to future changes in the capital environment.
It also seeks to protect existing shareholders' interests and optimize capital efficiency. The funds will be utilized as working capital, and there are no collateral requirements associated with the loan.
Looking ahead, the company maintains its previous earnings forecast for the fiscal year ending February 2027 without any adjustments due to this new financing arrangement.
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