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Toyobo Co. Secures Subordinated Loan for Expansion

Toyobo Co. Secures Subordinated Loan for Expansion

Toyobo Co (JP:3101) has released an update.

Confident Investing Starts Here:

Toyobo Co., Ltd. has finalized a subordinated term loan agreement for 23.0 billion yen with a final repayment due in 2059, though early repayment options are available from 2029. The loan is subordinate to other debts in case of liquidation and has been rated BBB and BBB+ by two rating agencies, with 50% equity content recognized. This move follows Toyobo’s August 8 announcement regarding its financing strategy.

For further insights into JP:3101 stock, check out TipRanks’ Stock Analysis page.

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