Hankyu Hanshin REIT Plans New Debt Financing
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Hankyu Hanshin REIT Plans New Debt Financing

Hankyu Hanshin REIT, Inc. (JP:8977) has released an update.

Hankyu Hanshin REIT, Inc. has announced a new round of debt financing totaling 1,200 million yen to repay an equivalent amount of borrowing from September 30, 2015. The financing will be facilitated through an unsecured, non-guaranteed loan from Sumitomo Mitsui Trust Bank, with a maturity date of September 28, 2029, and an interest rate to be set on September 26, 2024. This debt financing will maintain the company’s total interest-bearing liabilities at 86,800 million yen, consistent with previous figures.

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