DMG Mori raises JPY 50bn via subordinated loan
DMG Mori Co., Ltd. (TSE:6141) announced today that it has entered into an agreement to raise JPY 50 billion through a Third Perpetual Subordinated Loan (with Subordinated Covenant). The company intends to allocate the entire amount to repay its First Perpetual Subordinated Loan and a portion of its Second Perpetual Subordinated Loan. The loan is classified as "Financial Instruments with Characteristics of Equity" under IFRS standards, and is expected to be recorded as equity on the company's consolidated financial statements. The agreement was finalized on June 30, 2025, with the execution date set for August 29, 2025. Sumitomo Mitsui Trust Bank, Limited, Nanto Bank, Ltd., and seven other companies are the lenders involved. The interest rate will be fixed until August 29, 2030, and will then switch to a variable rate stepped up by 1.00%.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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