Wakachiku Construction (TYO:1888) signed syndication-type commitment line agreements with 10 banks for a total of 13 billion yen in available commitments.
The company will borrow 7 billion yen on July 24 and repay 5 billion yen of existing loans, with the repayment period set to Aug. 7, according to a Tuesday filing.
The borrowings are unsecured and are being implemented to efficiently raise working capital for the company.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments