Mixi (TYO:2121) has signed a 27.9 billion yen syndicated loan agreement with multiple lenders to refinance short-term borrowings tied to its stake acquisition in PointsBet Holdings (ASX:PBH), according to a Thursday filing on the Tokyo Stock Exchange.
The unsecured loan carries a floating rate and runs through March 2036, aimed at extending maturities, improving funding stability and lowering costs.
The agreement includes financial covenants on net assets and profitability.
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