Activia Properties (JP:3279) has released an update.
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Activia Properties Inc. has decided to borrow 4 billion yen in long-term loans from multiple lenders to refinance part of its maturing unsecured bonds. The newly acquired funds will be used to redeem a portion of the existing 10th unsecured bonds, due on July 9, 2024. The terms of the loan include a lump-sum repayment after five years, with the interest rate and payment dates to be determined.
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