Working Capital Financing through Positive Impact Finance
First written in FY2024-Q2. 1 of 2 entries say "Advanced", first in FY2024-Q3. Latest entry: FY2024-Q3.
22 other companies' latest entry also says "Advanced".
- FY2024-Q3AdvancedAnnual report
「The company entered into a syndicated loan agreement, arranged by 株式会社福岡銀行, to raise funds through Positive Impact Finance on 25 September 2023. Agreement date: 25 September 2023 Drawdown date: 29 September 2023 Borrowing amount: ¥3.5 billion Borrowing term: 5 years Use of funds: working capital Financial covenants: ① The amount of net assets in the consolidated balance sheet as of the end of each fiscal year must be maintained at or above 75% of the amount of net assets in the consolidated balance sheet as of the end of the immediately preceding fiscal year. ② Ordinary profit or loss reported in the consolidated statement of income for each fiscal year must not be a loss for 2 consecutive fiscal years from the fiscal year ending February 2024 onward.」
The agreement terms for a ¥3.5 billion syndicated loan executed on 29 September 2023 as Positive Impact Finance were disclosed. The borrowing term is 5 years, with financial covenants concerning the maintenance of net assets and ordinary profit or loss. - FY2024-Q2First statedAnnual report
「The company entered into a Positive Impact Finance agreement and raised funds on 29 September 2023. (2) Borrowing method: syndicated loan; bilateral loan (3) Borrowing amount: ¥3.5 billion; ¥2.0 billion (4) Drawdown date: 29 September 2023 (5) Borrowing term: 5 years (6) Use of funds: working capital」
Under its Positive Impact Finance arrangement, the company raised ¥3.5 billion through a syndicated loan and ¥2.0 billion through a bilateral loan from 福岡銀行 and 西日本シティ銀行 on 29 September 2023. The borrowing term is 5 years, and the funds are to be used as working capital.