WAKACHIKU CONSTRUCTION CO.,LTD. [1888.T]
TOKYO, Jun 19 (Pulse News Wire) – Wakachiku Construction CO.,LTD. (1888.T) decided today to implement a loan based on a commitment line agreement signed with ten financial institutions to efficiently secure operating funds.
The loan, set to be executed on June 23, 2026, involves repaying existing borrowings of ¥3.500 billion and taking out a new loan of ¥7 billion. The repayment deadline for the debt is June 30, 2026, and there will be no collateral attached to the transaction.
Under the financial covenants agreed upon, the company must maintain its net assets at least at 75% of either the amount recorded at the end of the fiscal year ending March 2025 or the immediately preceding fiscal year-end balance sheet. Additionally, the company must ensure that ordinary income does not show losses for two consecutive fiscal years.
According to the company, the impact of this decision on its performance is expected to be minor.
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