Source disclosure: February 19, 2026
NOVAC CO.,LTD. [5079.T]
TOKYO, Feb 19 (Pulse News Wire) – Novac CO.,LTD. (5079.T) decided today to implement a loan based on its commitment line agreement signed with ten financial institutions on April 16, 2024.
The loan, totaling ¥1.4 trillion, will be used to refinance existing borrowings of ¥1.2 trillion and secure new funding of ¥200 billion. The loan will be executed on February 27, 2026, with repayment due on March 27, 2026.
It does not require collateral and includes financial covenants stipulating that net assets must remain above either 105% of the amount recorded as of April 2023 or 100% of the latest fiscal year-end figure, whichever is higher. Additionally, ordinary losses must be avoided in annual consolidated income statements.
This transaction is expected to have a minor impact on the company's performance.
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