Japan Real Estate Investment (TYO:8952) finalized a 2 billion yen unsecured loan agreement with MUFG Bank to refinance an existing long-term loan maturing this year, according to its Monday bourse filing.
The new 10-year facility, drawn on March 26, 2025, carries an interest rate of 3-month JPY TIBOR plus 0.15%, with quarterly interest payments and a repayment due March 26, 2035.
This refinancing extends the company's debt maturity profile while maintaining favorable borrowing terms through its unsecured structure.
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