TOKYO, Mar 26 (Pulse News Wire) – TeamSpirit Inc. (4397.T) announced today that its board of directors resolved on March 26 to secure a loan aimed at funding future business expansion, including potential mergers and acquisitions (M&A).
The loan amount is approximately ¥600 million, with interest set at the 1M TIBOR plus a spread of 0.85%. The funds will also support operational needs and working capital requirements. The loan agreement was finalized with Mitsui Sumitomo Bank and will be executed within March 2026.
It carries a five-year term and will be repaid through equal principal installments. Notably, the transaction is unsecured and does not require guarantees. In a statement, CFO Hiromichi Takahashi highlighted that the impact of this financing arrangement on the company's consolidated performance forecast for the fiscal year ending August 2026 is expected to be minor.
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