Japan-headquartered Nidec Corporation (NJDCY), a manufacturer of specialty industrial machinery on Tuesday said it has entered into a commitment line agreement with its main creditor banks, MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation, for a total of 600 billion yen.
The purpose of the agreement is to secure flexible and stable funding capacity and strengthen the financial foundation. The borrowing is unsecured and unguaranteed.
The company has entered into bilateral contract with both the creditor banks for 300 billion yen each executed on November 4 covering the 1-year period from November 7, 2025, to November 6, 2026.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.