TOKYO, Mar 19 (Pulse News Wire) – Rent Corporation (372A.T) announced today that it has decided to conclude a term loan agreement with financial covenants to facilitate flexible funding for its group's business expansion needs. The agreement, scheduled to be finalized on March 19, 2026, involves a principal amount of ¥3 billion.
It will be structured through syndication led by Mizuho Bank Co., Ltd. (also serving as agent), with co-arrangers Mitsubishi UFJ Bank, Shizuoka Bank, Sumitomo Mitsui Trust Bank, Resona Bank, Aichi Bank, Shizuoka Agricultural Credit Union Federation, Chukyo Central Cooperative Bank, Nagoya Bank, and Sumitomo Mitsui Banking Corporation. The loan will mature on March 26, 2026.
Financial covenants stipulate maintaining net assets at least 75% times the amount recorded at the end of the base fiscal year in consolidated balance sheets. Additionally, the company must avoid consecutive ordinary losses in annual consolidated income statements. The impact on consolidated performance from this contract is expected to be minor.
Rent Corporation will promptly disclose any further significant developments related to this agreement.
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