Source disclosure: February 19, 2026
NTN CORPORATION [6472.T]
TOKYO, Feb 19 (Pulse News Wire) – NTN Corporation (6472.T) announced today that it has concluded a term loan agreement with subordinated warrants (the “Loan”) as previously disclosed on November 06, 2025. The total amount raised through this transaction is ¥22.00 billion.
Key details of the Loan include: - Contract signing date: February 19, 2026 - Funding date: March 11, 2026 - Maturity date: March 13, 2056 - Prepayment provisions allow for early repayment after five years from the funding date, subject to certain conditions such as tax reasons or changes in capital status. - Borrowing restrictions stipulate that prepayment must be accompanied by securing funds equivalent to the repaid principal through means with equal or higher capital quality within the preceding 12 months. Exceptions apply based on specific criteria related to debt-to-equity ratios and shareholder equity adjustments.
Additionally, NTN CFO Masami Yamamoto noted that interest payments can be deferred at the company's discretion. In the event of bankruptcy proceedings against the borrower, payment priority would rank below all other debts but ahead of ordinary shares. The credit rating assigned to the Loan by Rating Investment Information Center is BBB-.
The capital classification is rated Class 3, Capital Quality 50%.
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