TOKYO, Jun 25 (Pulse News Wire) – SHIFT Inc. (3697.T) announced today that it has decided to refinance existing debt through a total loan amount of ¥17.70 billion.
This refinancing follows the previously disclosed loan on June 25, 2026. The key details of the loan are as follows: - Borrowing entities: Mizuho Bank Co., Ltd.
And four other banks - Total borrowing amount: ¥17.70 billion - Disbursement period: From March 27, 2026 to June 29, 2026 - Repayment period: From June 30, 2026 to June 29, 2033 - Interest rate: Japanese TIBOR plus a spread stipulated in each loan agreement - Repayment method: Equal principal repayment - Collateral: None This refinancing is part of multiple money-lending contracts, with disbursement and repayment dates varying per contract. Regarding future outlook, the company anticipates that the impact on its performance and financial status will be minor.
However, should significant changes occur due to business conditions, the company will promptly disclose such impacts.
🟡 Confidence: Standard AI-translated content.