TOKYO, Jun 05 (Pulse News Wire) – RitaX Inc. (393A.T) announced today that its board of directors held an extraordinary meeting and decided to amend certain terms of a previously disclosed loan agreement with Chiba Bank.
The changes were made due to negotiations with the lender since the approval of the initial terms on May 14, 2026. Key amendments include: - Borrowing amount decreased from ¥200 million to ¥160 million. - Security arrangement now includes a guarantee from the Chiba Prefecture Credit Guarantee Association instead of being unsecured. - A guaranty fee rate ranging from 0.45% to 1.90% per annum is expected to apply.
The revised loan remains intended for operating capital purposes, with a variable interest rate based on benchmark rates plus spread. It is scheduled to be executed on June 16, 2026 (previously set for June 01, 2026), with a term of one year. Regarding future outlook, the company expects the impact on its consolidated performance for the fiscal year ending December 2026 to be minor. RitaX stated it would promptly disclose any further significant developments related to this transaction.
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