TOKYO, Jun 01 (Pulse News Wire) – Miraial CO.,LTD. (4238.T) resolved today during its board meeting held on June 01 to enter into a syndicated loan agreement with Mitsubishi UFJ Bank as arranger and Mizuho Bank as joint arranger.
The purpose of the contract is to refinance the interim overdraft used for acquiring all outstanding shares of Bugetsu Seikogyogyo Co., Ltd. The total amount of the syndicated loan is ¥1.900 billion. The agreement is set to be finalized on June 09, 2026, with the funds expected to be drawn down on June 12, 2026. The final repayment date is scheduled for April 30, 2036. The interest rate will be based on the benchmark rate plus spread, and the transaction is unsecured and non-guaranteed.
Participating banks include Mitsubishi UFJ Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation, and Higo Bank. This financing aligns with Miraial's strategic goals to enhance profitability and achieve a sustainable price-to-book ratio exceeding 1.0 through balanced capital management and cost reduction. The company plans to continue optimizing its capital structure to improve return on equity (ROE) and price-to-earnings ratio (PER). Financial covenants require maintaining consolidated net assets at least at 75% as of the end of each fiscal quarter starting from January 2027, and avoiding consecutive quarterly operating losses. Looking ahead, Miraial anticipates minimal impact on its consolidated performance for the fiscal year ending January 2027 due to this transaction.
Any significant developments will be promptly disclosed.
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