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An announcement from DKK ( (JP:6706) ) is now available.
DKK Co., Ltd. has executed a loan commitment agreement with financial covenants to support its medium-term business plan, “DKK-Plan 2028.” The agreement, which involves a syndicated loan of 4.4 billion yen, aims to strengthen the company’s management base, ensure agility and security in response to capital demand for growth investments, and stabilize its financial base. The loan, arranged by Sumitomo Mitsui Banking Corporation, is unsecured and involves several lenders. The financial covenants require maintaining net assets and avoiding consecutive fiscal losses. The impact on the company’s financial results is expected to be minor.
More about DKK
Average Trading Volume: 27,249
Current Market Cap: Yen18.23B
Learn more about 6706 stock on TipRanks’ Stock Analysis page.