LIXIL secures ¥77 bn in new syndicated loan facilities

LIXIL Corporation has entered into a new syndicated loan agreement totaling JPY77 billion with a syndicate of city and regional banks. This agreement, dated September 25, 2025, is structured into two main parts: Syndicated Term Loan ① comprising Tranche A and B for JPY12 billion maturing September 28, 2029, and Tranche C for JPY38 billion maturing September 30, 2031, along with Syndicated Term Loan ② for JPY27 billion maturing September 30, 2032. The facilities are unsecured.

The agreement includes financial covenants. LIXIL must maintain the total amount of equity on its consolidated statement of financial position at or above the higher of 60% of the equity as of March 31, 2025, or 60% of the equity as of the most recent fiscal year-end, starting from March 31, 2026. Additionally, the company must not incur a business loss for two consecutive fiscal years, starting from March 31, 2026. LIXIL anticipates the impact of this agreement on its consolidated financial performance to be non-material.