Syndicated Loan Refinancing and Interest Rate Hedging
First written in FY2017-Q2. 3 of 7 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
17 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The company repaid the ¥4.2 billion ABL loan maturing on 31 March 2026 and borrowed ¥3 billion, reducing borrowings by ¥1.2 billion.」
To reduce interest expense resulting from higher interest rates and refinance COVID-19-related borrowings, the company repaid the ¥4.2 billion ABL loan and refinanced it with a ¥3 billion syndicated loan. Borrowings were reduced by ¥1.2 billion, and the maturity date is 31 March 2028. - 2026-05-13AdvancedOccurring Fact
「We determined that entering into the syndicated loan agreement would strengthen our financial base by reducing borrowings obtained as COVID-19 funding and lowering the burden of interest expense resulting from recent interest-rate increases. We repaid the ABL loan of ¥4.2 billion, which matured on 31 March 2026, and borrowed ¥3.0 billion, reducing borrowings by ¥1.2 billion.」
For the refinancing of existing borrowings, the Company disclosed the repayment of the ¥4.2 billion ABL loan and execution of a new ¥3.0 billion borrowing on 31 March 2026, resulting in a ¥1.2 billion reduction in borrowings. - FY2019RestatedAnnual report
「We use interest-rate swaps to fix interest payments in response to interest-rate fluctuation risk on some long-term borrowings.」
The company continues to fix interest payments through interest rate swaps against the risk of interest rate fluctuations on long-term borrowings. - FY2018RestatedAnnual report
「This was due mainly to the refinancing of the syndicated loan and other factors, which resulted in a ¥3,567 million decrease in short-term borrowings and a ¥3,045 million increase in long-term borrowings, among other changes. As a result, current liabilities decreased by ¥2,636 million, while non-current liabilities increased by ¥2,273 million.」
The company continues to disclose the shift in the composition of liabilities from short-term to long-term borrowings through syndicated loan refinancing. - FY2018-Q3RestatedAnnual report
「This was due mainly to the refinancing of the syndicated loan and other factors, which resulted in a ¥3,253 million increase in long-term borrowings and a ¥3,545 million decrease in short-term borrowings, among other changes. As a result, current liabilities decreased by ¥3,549 million, while non-current liabilities increased by ¥3,224 million.」
The shift from short-term to long-term borrowings through refinancing is also reflected in the composition of liabilities for the quarter. - FY2018-Q2AdvancedAnnual report
「This was due mainly to the refinancing of the syndicated loan and other factors, which resulted in a ¥3,488 million decrease in short-term borrowings and a ¥3,422 million increase in long-term borrowings, among other changes. As a result, current liabilities decreased by ¥3,545 million, while non-current liabilities increased by ¥3,373 million.」
The refinancing of existing borrowings is reflected in the financial position through the specific transfer of balances from short-term to long-term borrowings. - FY2017-Q2First statedAnnual report
「The company entered into a syndicated loan agreement totaling ¥3.5 billion on 30 September 2016 to refinance existing borrowings. It also entered into interest rate swap agreements to hedge the risk of interest rate fluctuations.」
The company entered into a syndicated loan totaling ¥3.5 billion to refinance existing borrowings and also entered into interest rate swaps to address interest rate fluctuation risk.