TOKYO, Mar 26 (Pulse News Wire) – Pegasus CO.,LTD. (6262.T) announced today that it has entered into a commitment line agreement worth ¥5 billion.
The agreement, effective March 26, 2026, is aimed at securing a stable financial foundation for long-term business expansion and enhancing corporate value. It also allows for flexible funding arrangements through a syndicated facility led by Sumitomo Mitsui Banking Corporation. Key details of the agreement include a total borrowing limit of ¥5 billion, with the contract period running from March 31, 2026, to March 31, 2027, featuring four extension options.
Participating banks include Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Shiga Bank, Sanzan Bank, and Iyo Bank. The arrangement is unsecured and comes without guarantees, subject to a financial covenant requiring the company to avoid consecutive operating losses in its consolidated income statements. In a statement, President Sei Mima highlighted the importance of this agreement in strengthening the company's balance sheet management and executing growth strategies effectively.
The impact on the fiscal year ending March 2026 is expected to be minor; however, the company pledged to promptly disclose any significant developments related to this agreement going forward.
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