Mori Trust REIT Secures 3 Billion Yen Loan to Refinance Maturing Debt

MT Newswires Live
04-23

Mori Trust REIT (TYO:8961) said it will borrow 3 billion yen from Sumitomo Mitsui Banking Corp. (TYO:8316) to refinance long-term debt maturing on April 24, according to a Tuesday filing on the Tokyo Stock Exchange.

The new loan, carrying a fixed interest rate of 1.07127%, is scheduled to be drawn down on April 24 and will mature on Sept. 29, 2028. It replaces a previous 3 billion yen loan taken in April 2019.

The refinancing does not change Mori Trust REIT's overall debt levels. Its total borrowings and bonds remain at 224.5 billion yen.

Price (JPY): $63800.00, Change: $+100, Percent Change: +0.16%

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