Borrowing to Secure Stable Funding in Preparation for the Impact of COVID-19
First written in FY2020-Q2. 1 of 2 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2020-Q3.
6 other companies' latest entry also says "Advanced".
- FY2020-Q3AdvancedAnnual report
「At a Board of Directors meeting held on 3 July 2020, the company resolved to borrow the funds necessary to secure stable funding in preparation for the impact of COVID-19 and subsequently executed financing through short- and long-term borrowings as follows.」
Following the Board of Directors resolution on borrowing stable funding in preparation for COVID-19, the company executed financing through short- and long-term borrowings. - FY2020-Q2First statedAnnual report
「To secure stable funding in preparation for unforeseen events resulting from the impact of COVID-19, the Company resolved at a Board of Directors meeting held on 3 July 2020 to borrow funds as follows: purpose, funds for unforeseen events arising from COVID-19; lenders, Resona Bank, Limited, Mitsubishi UFJ Bank, Ltd. and Mizuho Bank, Ltd.; amount, ¥640,000 thousand; interest rate, determined in light of market interest rates and other factors; execution date, scheduled from the end of July to the end of August 2020; term, 1 to 8 years; collateral or guarantees, none.」
The Company resolved to borrow ¥640 million between the end of July and the end of August 2020 to prepare for unforeseen events related to COVID-19. The terms were 1 to 8 years, with no collateral or guarantees.