Showa Denko KK (JP:4004) has released an update.
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Resonac Holdings Corporation has announced the early repayment of half its existing JPY 275 billion subordinated loan and the contracting of a new loan for the same amount to facilitate this repayment. The refinancing aims to optimize financial expenses, diversify repayment schedules, and increase financial strategy flexibility without diluting shareholder equity. The transaction is not expected to significantly impact the company’s consolidated performance for the fiscal year 2024.
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