Almedio (7859) · InitiativeDropped
Refinancing of funds for the acquisition of a business through a syndicated loan and raising working capital
First written in FY2018-Q2. 1 of 2 entries say "Dropped", first in FY2019-Q2. Latest entry: FY2019-Q2.
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Refinancing business acquisition funds through a syndicated loan and raising working capitalA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2019-Q2DroppedAnnual report
「The Tranche A commitment of ¥650,000 thousand under the syndicated commitment line agreement, whose permitted uses were defined as refinancing business acquisition funding for the WEB business and additional business acquisition funding arising from performance-linked terms, has terminated because the WEB business was transferred on 30 September 2018.」
Following the transfer of the WEB business, the Tranche A agreement intended for refinancing business acquisition funding and related purposes was terminated. - FY2018-Q2First statedAnnual report
「On 26 September 2017, the Company entered into a syndicated loan agreement with Sumitomo Mitsui Banking Corporation as arranger and agent, and Tama Shinkin Bank and Resona Bank, Limited as co-arrangers.」
Under the syndicated loan agreement, Tranche A (¥650 million) was allocated to refinancing business acquisition funding and related purposes, while Tranche B (¥550 million) was allocated to working capital. Tranche A matured on 29 September 2023 and was subject to financial covenants.