Financial Covenants in Syndicated Loan Agreements
First written in FY2016. 23 of 28 entries say "Mitigated", first in FY2017. Latest entry: FY2023-Q3.
41 other companies' latest entry also says "Mitigated".
- FY2023-Q3MitigatedAnnual report
「Borrowings outstanding ¥200 million ¥50 million」
Borrowings outstanding under the syndicated loan subject to financial covenants decreased from ¥200 million at the end of the previous consolidated fiscal year to ¥50 million. No breach of the covenants has been reported. - FY2023-Q2MitigatedAnnual report
「Borrowings outstanding ¥200 million ¥100 million」
Borrowings outstanding under the syndicated loan subject to financial covenants decreased from ¥200 million at the end of the previous fiscal year to ¥100 million. - FY2023-Q1MitigatedAnnual report
「Borrowings outstanding ¥200 million ¥150 million」
Borrowings outstanding under the syndicated loan subject to financial covenants decreased from ¥200 million at the end of the previous fiscal year to ¥150 million. No breach of the covenants has been reported. - FY2022MitigatedAnnual report
「Borrowings outstanding ¥400 million ¥200 million There were no breaches of the financial covenants as of the end of the current consolidated fiscal year.」
The balance of the syndicated loan subject to financial covenants decreased from ¥400 million at the end of the previous fiscal year to ¥200 million, with no breach of the covenants as of the end of the current fiscal year. - FY2022-Q3MitigatedAnnual report
「Borrowings outstanding ¥400 million ¥250 million」
Borrowings outstanding under the syndicated loan subject to financial covenants decreased from ¥400 million at the end of the previous consolidated fiscal year to ¥250 million. - FY2022-Q2MitigatedAnnual report
「Borrowings outstanding ¥400 million ¥300 million The agreement includes the financial covenants set out below.」
Borrowings outstanding under the syndicated loan subject to financial covenants decreased from ¥400 million at the end of the previous consolidated fiscal year to ¥300 million. The covenants remain in place, but no breach has been reported. - FY2022-Q1MitigatedAnnual report
「Borrowings outstanding ¥400 million ¥350 million」
Borrowings outstanding under the syndicated loan subject to financial covenants decreased from ¥400 million at the end of the previous consolidated fiscal year to ¥350 million. The covenant terms continue to be disclosed. - FY2021MitigatedAnnual report
「Borrowings outstanding ¥600 million ¥400 million There were no breaches of the financial covenants as of the end of the current consolidated fiscal year.」
The balance of the syndicated loan subject to financial covenants decreased from ¥600 million at the end of the previous fiscal year to ¥400 million, with no breach of the covenants as of the end of the current fiscal year. - FY2021-Q3MitigatedAnnual report
「Borrowings outstanding ¥600 million ¥450 million」
Borrowings outstanding under the syndicated loan subject to financial covenants decreased from ¥600 million at the end of the previous fiscal year to ¥450 million. - FY2021-Q2MitigatedAnnual report
「Borrowings outstanding ¥600 million ¥500 million」
Borrowings outstanding under the syndicated loan subject to financial covenants decreased from ¥600 million at the end of the previous fiscal year to ¥500 million. No breach of the covenants has been reported. - FY2021-Q1MitigatedAnnual report
「Borrowings outstanding ¥600 million ¥550 million」
Borrowings outstanding under the syndicated loan subject to financial covenants decreased from ¥600 million at the end of the previous consolidated fiscal year to ¥550 million. - FY2020MitigatedAnnual report
「Borrowings outstanding ¥800 million ¥600 million There were no breaches of the financial covenants as of the end of the current consolidated fiscal year.」
The syndicated loan balance decreased from ¥800 million at the end of the previous fiscal year to ¥600 million, with no breach of the financial covenants as of the end of the current fiscal year. - FY2020-Q3MitigatedAnnual report
「Borrowings outstanding ¥800 million ¥650 million」
The syndicated loan balance decreased from ¥800 million at the end of the previous consolidated fiscal year to ¥650 million, reducing borrowings subject to financial covenants. - FY2020-Q2MitigatedAnnual report
「Borrowings outstanding ¥800 million ¥700 million」
Borrowings outstanding under the syndicated loan decreased from ¥800 million at the end of the previous consolidated fiscal year to ¥700 million. The financial covenants remain in place. - FY2020-Q1MitigatedAnnual report
「Borrowings outstanding ¥800 million ¥750 million」
The balance of the syndicated loan entered into in March 2018 decreased from ¥800 million at the end of the previous fiscal year to ¥750 million. The financial covenants remain in place. - FY2019MitigatedAnnual report
「Borrowings outstanding ¥1,000 million ¥800 million As of the end of the consolidated fiscal year, the company was not in breach of the financial covenants.」
The company states that the syndicated loan balance decreased from ¥1,000 million to ¥800 million and that it was not in breach of the financial covenants at the end of the fiscal year. - FY2019-Q3MitigatedAnnual report
「Borrowings outstanding ¥197 million ¥92 million Borrowings outstanding ¥1,000 million ¥850 million」
Borrowings outstanding under the existing agreement decreased from ¥197 million to ¥92 million, while borrowings outstanding under the new agreement decreased from ¥1,000 million to ¥850 million. The financial covenants remain in place, but no breach is disclosed. - FY2019-Q2MitigatedAnnual report
「Borrowings outstanding ¥197 million ¥127 million Borrowings outstanding ¥1,000 million ¥900 million」
Borrowings outstanding under the existing agreement decreased from ¥197 million to ¥127 million, while borrowings outstanding under the new agreement decreased from ¥1,000 million to ¥900 million. The financial covenants remain in place. - FY2019-Q1MitigatedAnnual report
「Borrowings outstanding ¥197 million ¥162 million Borrowings outstanding ¥1,000 million ¥950 million」
Borrowings outstanding under the existing agreement decreased from ¥197 million to ¥162 million, while borrowings outstanding under the new agreement decreased from ¥1,000 million to ¥950 million. The financial covenants remain in place. - FY2018WorsenedAnnual report
「The company entered into a syndicated loan agreement on 23 March 2018, and the amounts drawn under the agreement were as follows.」
Borrowings outstanding under the existing syndicated loan decreased from ¥490 million to ¥197 million, while the company entered into a new agreement on 23 March 2018, bringing amounts drawn under the new agreement to ¥1,000 million at the end of the fiscal year. The new agreement includes financial covenants relating to net assets, earnings and a net leverage ratio of 7.0 or less, increasing the company's exposure to financial constraints. The company was not in breach as of the fiscal year-end. - FY2018-Q3MitigatedAnnual report
「Borrowings outstanding ¥490 million ¥385 million」
Borrowings outstanding under the syndicated loan decreased from ¥490 million at the end of the previous consolidated fiscal year to ¥385 million. The covenant terms were unchanged, and no breach is disclosed. - FY2018-Q2MitigatedAnnual report
「Borrowings outstanding ¥490 million ¥420 million The agreement contains the following financial covenants.」
Borrowings outstanding under the syndicated loan decreased from ¥490 million at the end of the previous consolidated fiscal year to ¥420 million. The financial covenants continue to be disclosed. - FY2018-Q1MitigatedAnnual report
「Borrowings outstanding ¥490 million ¥455 million The agreement contains the following financial covenants.」
Borrowings outstanding under the syndicated loan decreased from ¥490 million at the end of the previous consolidated fiscal year to ¥455 million. The covenant terms were unchanged, and no breach is disclosed. - FY2017MitigatedAnnual report
「Borrowings outstanding ¥490 million」
Borrowings outstanding under the syndicated loan decreased from ¥630 million at the end of the previous consolidated fiscal year to ¥490 million. The company was not in breach of the financial covenants as of the end of the consolidated fiscal year. - FY2017-Q3RestatedAnnual report
「Borrowings outstanding ¥525 million」
The company continues to disclose the financial covenants for the syndicated loan. Borrowings outstanding decreased from ¥560 million at the end of the second quarter to ¥525 million, but no change to the covenants themselves is disclosed. - FY2017-Q2RestatedAnnual report
「Borrowings outstanding ¥560 million」
The company continues to disclose the syndicated loan agreement and financial covenants. Borrowings outstanding at the end of the second quarter were ¥560 million. - FY2017-Q1RestatedAnnual report
「The agreement contains the following financial covenants.」
The company continues to disclose the financial covenants for the syndicated loan. Borrowings outstanding at the end of the first quarter were ¥595 million, and the covenant terms were unchanged. - FY2016First statedAnnual report
「As of the end of the consolidated fiscal year, the company was not in breach of the financial covenants.」
The covenants include maintaining net assets of at least ¥5.2 billion, maintaining at least 75% of a specified benchmark, and avoiding ordinary losses and net losses attributable to owners of the parent for 2 consecutive periods. The company was not in breach as of the fiscal year-end.