CRE Logistics REIT, Inc (JP:3487) has released an update.
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CRE Logistics REIT, Inc. has entered into an interest rate swap agreement with Mizuho Bank, Ltd. to hedge against interest rate volatility. The agreement, involving a notional principal of 3,045 million yen, aims to fix the interest rate on long-term loans payable at 1.283%. The transaction is not expected to materially affect the company’s financial outlook for the current or next fiscal period.
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