Japan Excellent (TYO:8987) has arranged an 8 billion yen one-year floating-rate loan from Mizuho Bank in order to partially fund its acquisition of ARK Hills FRONT TOWER, according to its Wednesday bourse filing.
The facility, drawn on April 15, 2025, carries an interest rate of 1-month Yen-TIBOR plus 0.2% and will mature on April 15, 2026.
The unsecured loan, structured under a commitment line agreement, will be repaid in full at maturity.
This short-term financing solution provides bridge funding while maintaining JEI's unsecured borrowing framework.
Japan Excellent's shares gained 3% at market close.
Price (JPY): $128600.00, Change: $+3800, Percent Change: +3.04%
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