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KDX Realty Investment Corporation Reduces Debt Burden
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KDX Realty Investment Corporation Reduces Debt Burden

Kenedix Office Investment Corporation (JP:8972) has released an update.

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KDX Realty Investment Corporation has announced a partial prepayment of 3 billion yen on its unsecured borrowing from Mizuho Bank, originally amounting to 5 billion yen. The prepayment is financed through a mix of newly issued ‘Green Bonds’ and available cash. Following the transaction, KDXR’s total interest-bearing debt will decrease from 551.4 billion yen to 548.4 billion yen.

For further insights into JP:8972 stock, check out TipRanks’ Stock Analysis page.

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