Nittetsu Mining Co.,Ltd. [1515.T]
TOKYO, Apr 24 (Pulse News Wire) – Nittetsu Mining CO.,LTD. (1515.T) announced today that its board of directors approved changes to loan agreements with three urban banks, increasing borrowing limits due to higher funding requirements for the Alkeros mine development project in Chile.
The revised agreement, which was initially set to conclude on January 15, 2034, now extends until January 15, 2034. Under the new terms, the total borrowing limit increases from ¥6.200 billion to ¥10.70 billion. As of March 31, 2026, the outstanding balance stood at ¥5.200 billion. The loan execution period remains unchanged from June 10, 2024, to October 31, 2026.
Additionally, the company maintains a capital requirement of ¥77.80 billion or more at the end of each fiscal quarter and half-year during the loan period. Furthermore, ordinary losses cannot occur consecutively for two fiscal quarters post-March 2024. The impact on the company's consolidated performance for the fiscal year ending March 2027 is expected to be minor. However, Nittetsu Mining will promptly disclose any significant effects on future operations.
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