Source disclosure: February 24, 2026
LOCAL,Inc. [470A.T]
TOKYO, Feb 24 (Pulse News Wire) – LOCAL,Inc. (470A.T) announced today that it has concluded and executed a new overdraft facility agreement with Rakuten Bank aimed at enhancing its financial stability and effective utilization of funds.
The agreement was decided upon during a board meeting held on February 13, 2026, and finalized on February 27, 2026. Under the terms of the contract, which runs for one year from the date of execution and is subject to annual renewal, the borrowing limit stands at ¥100 million. The initial drawdown amount for this transaction is set at ¥100 million.
The interest rate is based on a benchmark plus spread. Looking ahead, while the company's forecast for the fiscal quarter ending February 27, 2026, remains unchanged, LOCAL,Inc. stated it will promptly disclose any significant developments related to this arrangement.
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