Mizuno (8022) · InitiativeFirst stated

Commitment Line Agreement to Prepare for a Prolonged COVID-19 Pandemic

First written in FY2021-Q1. . Latest entry: FY2021-Q1.

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Accumulation of Cash on Hand and Flexible Financing Amid COVID-19A theme 114 companies write about · 7 as a headwind · 107 as a tailwind

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FY2021-Q1First statedAnnual report
「To prepare for the risk that the impact of the COVID-19 outbreak could continue for some time, the Company entered into a commitment line agreement on 15 May 2020 as a flexible source of funding. The terms are as follows: (1) Counterparty: Sumitomo Mitsui Banking Corporation; (2) commitment amount: ¥10 billion in total; (3) commitment expiry: 14 May 2021.」
On 15 May 2020, the Company entered into a ¥10 billion commitment line agreement with Sumitomo Mitsui Banking Corporation to prepare for a prolonged impact from the pandemic. The expiry date was 14 May 2021.

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