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LIXIL Group ( (JP:5938) ) has issued an announcement.
LIXIL Corporation has announced the conclusion of a loan agreement with financial covenants to fund business capital and refinance existing borrowings. The agreement involves a syndicated term loan with city and regional banks, totaling JPY77 billion, with maturity dates ranging from 2029 to 2032. The financial covenants require maintaining a certain equity level and avoiding consecutive business losses, with the overall impact on LIXIL’s financial performance expected to be non-material.
The most recent analyst rating on (JP:5938) stock is a Hold with a Yen1870.00 price target. To see the full list of analyst forecasts on LIXIL Group stock, see the JP:5938 Stock Forecast page.
More about LIXIL Group
LIXIL Corporation operates in the manufacturing industry, focusing on housing and building materials. It is known for its comprehensive range of products and services, including bathroom and kitchen fixtures, doors, and windows, catering primarily to residential and commercial markets.
Average Trading Volume: 1,529,200
Technical Sentiment Signal: Buy
Current Market Cap: Yen555.1B
See more data about 5938 stock on TipRanks’ Stock Analysis page.