Tokyo Lifestyle announced that its Hong Kong subsidiary, Tokyo Lifestyle Limited, has been granted access to a revolving loan facility totaling up to HK$100M from a Hong Kong-based entity to support its business expansion. The Company believes that this financing milestone reflects the lender’s strong recognition of, and high confidence in, Tokyo Lifestyle’s business strategy and execution capabilities. The loan is expected to inject meaningful momentum into the Company’s ability to strengthen its global footprint and pursue additional growth opportunities. Pursuant to the terms of the facility, the lender will provide Tokyo Lifestyle Limited with a 60-month revolving credit line of HK$100M, bearing an annual interest rate of 4.68%. As part of a broader long-term strategic cooperation framework, the lender may consider increasing the facility size, in line with the Company’s future business development needs.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.