Stanley Electric Co.,Ltd. [6923.T]
TOKYO, Apr 15 (Pulse News Wire) – Stanley Electric CO.,LTD. (6923.T) amended the terms of its financial covenant-backed loan agreement originally disclosed on March 18, 2026.
The revised contract was finalized, with changes to the loan amount and maturity date. Under the updated agreement, the loan amount is now set at ¥70.00 billion. The repayment deadline has also been adjusted to April 20, 2027, from the previously planned date of April 22, 2027.
All other conditions remain unchanged, including the involvement of two urban banks and the absence of collateral. The financial covenants stipulate that the consolidated balance sheet's total equity must be maintained at or above the higher of either ¥449.2 billion or the total equity figure from the immediately preceding fiscal year-end. Looking ahead, the company expects the impact on its consolidated performance for the fiscal year ending March 2027 to be minor.
Any significant effects on future performance will be promptly communicated.
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