TOKYO, Jun 10 (Pulse News Wire) – Shikigaku.co.,ltd. (7049.T) announced on June 10 that it has decided to enter into a loan agreement with financial covenants to secure part of the funds needed for acquiring shares of Storyteller through its wholly-owned subsidiary, Shikigaku Growth Capital Partners.
Under the agreement, signed, SMBC will lend Shikigaku.co.,ltd. an amount of ¥522.5 million. The debt will mature in May 2031, five years later. The funds will be used exclusively for the acquisition of Storyteller's outstanding shares totaling 100%. As collateral, Shikigaku Growth Capital Partners and Storyteller will provide corporate guarantees.
The financial covenant stipulates that Shikigaku.co.,ltd. will maintain its voting rights stake in Shikigaku Growth Capital Partners at 100% and ensure that Shikigaku Growth Capital Partners maintains its voting rights stake in Storyteller at 100%. Regarding the impact on the company’s consolidated performance and financial status for the fiscal year ending February 2027, Shikigaku.co.,ltd. stated that it is currently assessing the effects. Once the impact is determined, the company plans to disclose the findings promptly.
🟢 Confidence: High AI-translated content.