Japan Real Estate Investment (JP:8952) has released an update.
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Japan Real Estate Investment Corporation has announced a new debt financing plan to repay a JPY 5.5 billion existing loan due September 26, 2024. The new loan, also amounting to JPY 5.5 billion, is arranged with Sumitomo Mitsui Trust Bank and features a base interest rate plus 0.040%, with repayment set for March 26, 2025. This strategic financial move will not alter the company’s total interest-bearing debt, which remains at JPY 457,893 million.
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