Serendip Holdings Secures Loan and Commitment Line for Nikken Construction Acquisition

TOKYO, Jun 29 (Pulse News Wire) – Serendip Holdings CO.,LTD. (7318.T) announced the resolution to enter into loan and commitment line agreements with Chukyo Shoko Ginko, through its subsidiary Serendip SPC 3 Co., Ltd.

The loan amount is ¥3 billion and will be used to cover costs associated with the acquisition of Nikken Construction. The agreement includes a commitment line of ¥500 million with a term of eight years, effective from June 29, 2026 until June 30, 2034. The loan carries a floating interest rate based on benchmark rates plus spread and is scheduled to be executed on July 01, 2026.

It is secured and comes with financial covenants requiring the maintenance of minimum equity levels and positive ordinary profit for both Serendip SPC 3 and the parent company post-acquisition expenses adjustments. In accordance with its mid-term plan “Serendip Challenge1,000,” the company plans to pursue growth through active mergers and acquisitions without diluting shareholder interests via additional share issuance. The impact on the group's fiscal 2027 performance is expected to be minor.