TSE:4540Pharmaceuticals
How Investors Are Reacting To Tsumura (TSE:4540) Securing ¥50B Unsecured Syndicated Loan For Expansion
TSUMURA & CO. recently entered into a large unsecured syndicated loan agreement totaling ¥50.00 billion with MUFG Bank-led lenders, split into two long-term tranches maturing in 2033 and 2036 to fund equipment and business investments.
The loan’s strict financial covenants on minimum consolidated net assets and sustained operating profitability highlight lenders’ expectations for disciplined balance sheet management alongside expansion, particularly in China.
Next, we will examine how this...