TOKYO, Mar 11 (Pulse News Wire) – Maxell,ltd. (6810.T) resolved today during its board meeting to enter into a financial covenant loan agreement aimed at funding mid-term growth investments.
The loan agreement, scheduled to be finalized on March 11, 2026, involves urban and regional banks as counterparties. It includes a principal amount of ¥10.00 billion. Repayment deadlines are set for March 16, 2026 and March 19, 2031. There are no collateral requirements attached to the agreement.
Under the terms of the financial covenants, Maxell must maintain its consolidated balance sheet equity at or above 75% percent of either the previous fiscal year-end figure or the fiscal year-end figure from March 2025. Additionally, the company must avoid consecutive annual operating losses. The impact of this agreement on Maxell's consolidated performance for the March 2026 fiscal year is expected to be minor. Any significant developments related to this contract will be disclosed promptly.
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