Rising Corporation Inc. [207A.T]
TOKYO, Apr 15 (Pulse News Wire) – Rising Corporation (207A.T) announced today that its board of directors approved a term loan agreement with Shimane Chuo Bank to finance the acquisition and development of fixed assets, specifically the Hyogo Energy Village Battery Storage Facility. Key details of the transaction include: - Borrowing amount: ¥500 million - Interest rate: TIBOR plus spread - Contract signing date: April 30, 2026 - Commitment period: April 30, 2026 to October 31, 2026 - Repayment method: Equal principal payments beginning six months after the commitment period ends, with monthly installments over 55 months The loan will be secured but without guarantees.
There are no special financial covenants attached to the contract. Looking ahead, the impact of this borrowing on the company's performance for the fiscal year ending March 2027 will be incorporated into the earnings forecast set to be released next month.
Any further significant developments will be disclosed promptly.
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