Minato Holdings secures ¥3bn syndicated loan

Minato Holdings (TSE:6862) announced the resolution to enter into a ¥3 billion syndicated loan agreement, with Sumitomo Mitsui Banking Corporation as the arranger and Mitsubishi UFJ Bank as the joint arranger and agent. The agreement aims to enhance the company's financial stability and support strategic growth initiatives across the group. The loan facility, which employs a syndication method with a commitment line, spans one year from March 31, 2025, to March 30, 2026, with an option for up to three one-year extensions. Interest will be calculated at TIBOR plus a spread. Participating financial institutions include Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Bank, Resona Bank, Mizuho Bank, The Shoko Chukin Bank, Chiba Bank, and Yokohama Bank. Minato Holdings confirms that this agreement will not impact its previously released earnings forecast for the fiscal year ending March 2025.