Refinancing through a term loan and resetting financial covenants
First written in FY2018-Q2. 2 of 7 entries say "Achieved", first in FY2018-Q3. Latest entry: FY2024-Q2.
0 other companies' latest entry also says "Achieved".
- FY2024-Q2AchievedAnnual report
「Regarding the term loan agreement for which ¥1,706 million was due for repayment in March 2024, we completed refinancing on 29 March 2024 through a new term loan agreement with a refinancing amount of ¥1,600 million and a maturity at the end of March 2028.」
The ¥1,706 million term loan due for repayment was refinanced into a new agreement for ¥1,600 million, with a maturity date of the end of March 2028. - FY2024-Q1Repayment deadline approaching; refinancing discussions ongoingAnnual report
「As ¥1,706 million under the term loan agreement is due for repayment in March 2024, we will hold discussions with our lending financial institutions regarding refinancing and other options, taking into account performance during the current consolidated fiscal year.」
With the March 2024 repayment deadline approaching for the ¥1,706 million term loan, the company continues to discuss refinancing with financial institutions based on its performance. - FY2023-Q3Further refinancing discussions as the repayment deadline approachesAnnual report
「As ¥1,706 million under the term loan agreement is due for repayment in March 2024, we will revisit discussions with our lending financial institutions regarding refinancing and other options, taking into account our performance to date and our business development plan for the post-pandemic environment.」
As ¥1,706 million is due for repayment in March 2024, the company stated its policy of resuming refinancing discussions with financial institutions based on its business development plan under the post-pandemic environment. - FY2020AdvancedAnnual report
「With the existing loan due to mature on 31 March 2021 and no end to the COVID-19 pandemic in sight, we entered into the term loan agreement described below to secure long-term funding at an early stage through refinancing before maturity.」
We entered into agreements with multiple lenders from September to October 2020 to refinance the existing term loan before maturity, refinancing ¥3,009 million and extending the maturity to 31 March 2024. - FY2020-Q3Discussions on refinancing due to the repayment deadlineAnnual report
「The borrowings raised under the term loan agreement are due for repayment in March 2021. However, as our repayment plan assumed repayment from operating cash flow based on the Group's business plan and refinancing upon maturity, in response to the current serious situation we will revisit discussions with our lending financial institutions regarding refinancing and other options based on a newly formulated business plan.」
The refinancing completed in 2018, but with the term loan's repayment deadline approaching, discussions have shifted to another refinancing. - FY2018-Q3AchievedAnnual report
「The refinancing was executed on 13 April 2018, and all existing borrowings and corporate bonds were repaid on the same date.」
The company executed refinancing under the term loan agreement signed on 30 March 2018 and completed full repayment of its existing borrowings and corporate bonds. - FY2018-Q2First statedAnnual report
「To refinance its borrowings for the purposes of improving cash management, stabilizing long-term funding and eliminating financial covenants, the company entered into a term loan agreement dated 30 March 2018 and fully repaid its existing borrowings and corporate bonds on the same date.」
The company entered into a term loan agreement on 30 March 2018 and executed the refinancing on 13 April. The refinancing amount was ¥4.0 billion, with a maturity date of 31 March 2021, and all existing borrowings and corporate bonds were repaid. The new agreement included financial covenants concerning the maintenance of net assets and ordinary profit or loss from the fiscal year ending August 2019 onward.