TOKYO, Mar 26 (Pulse News Wire) – Mixi,inc. (2121.T) announced today the conclusion of a syndicated loan agreement with special financial covenants aimed at extending the term of existing short-term borrowings related to its acquisition of PointsBet Holdings Limited shares.
Under the agreement signed, MIXI secured funding from multiple financial institutions, including urban banks, with a principal amount of ¥27.90 billion. The repayment period extends from April 30, 2026 to March 31, 2036, and the loan carries variable interest rates without collateral. The funds will primarily be used to refinance existing short-term debt.
Key financial conditions stipulate maintaining consolidated net assets at least equal to either 120% of the total amount recorded in the balance sheet as of March 31, 2025, or 100% of the total amount recorded in the latest fiscal year-end balance sheet, whichever is higher. Additionally, MIXI must avoid consecutive two-year losses in ordinary profits reported in the consolidated income statement. Looking ahead, while the impact on the current fiscal year's performance is expected to be minor, MIXI will promptly disclose any significant developments going forward.
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