Japan Real Estate Investment (JP:8952) has released an update.
Japan Real Estate Investment Corporation has decided to prepay a short-term loan of JPY 1,000 million ahead of schedule and simultaneously secure new debt financing of the same amount from The Tochigi Bank, Ltd. at a fixed interest rate of 1.1025%. This financial maneuver is expected to maintain the corporation’s total interest-bearing debt at JPY 465,193 million, with no material change in investment risks as per their latest securities report.
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