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Nidec secures 600 billion yen commitment line for financial stability

November 4, 2025 at 12:11 PM UTCBy FilingReader AI

Nidec Corporation (TSE: 6594) announced on November 4, 2025, the conclusion of a 600 billion yen commitment line agreement with its primary creditors, MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation. This initiative aims to secure flexible and stable funding capacity, strengthening the company's solid financial foundation. The agreement comprises two bilateral contracts, each for 300 billion yen, totaling 600 billion yen.

Both agreements were executed on November 4, 2025, and are set to commence on November 7, 2025, running for one year until November 6, 2026. The commitment lines are unsecured and unguaranteed, underscoring Nidec's strong credit profile. This strategic financial move provides Nidec with robust liquidity management, as detailed in the announcement by representative director and president and chief operating officer, Mitsuya Kishida.

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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