Frontier Real Estate Investment Corporation (JP:8964) has released an update.
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Frontier Real Estate Investment Corporation has announced the execution of new long-term borrowings to refinance existing debts maturing on August 20, 2024. The refinancing will be through unsecured, unguaranteed loans totaling 4 billion yen, with varying maturity dates and interest rates based on the 1-month JBA Japanese Yen TIBOR. The company’s total borrowing balance will remain unchanged at 127.7 billion yen post-refinancing.
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