Comforia Residential REIT, Inc. (JP:3282) has released an update.
Comforia Residential REIT, Inc. has announced its plan to borrow 3,190 million yen in long-term loans with an 8-year fixed rate and to repay an equivalent amount of its current long-term loans. The loan will be unsecured, and the interest rate is to be determined, with repayment scheduled for July 31, 2032. The move is strategically aimed at managing the company’s interest-bearing debt, keeping the total loan amounts unchanged after the borrowing.
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