Mitsubishi Estate Logistics REIT Investment Corp. (JP:3481) has released an update.
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Mitsubishi Estate Logistics REIT Investment Corporation (MEL) has secured new long-term debt financing totaling 2,500 million yen from The Shinkumi Federation Bank and The Norinchukin Bank, with variable interest rates based on TIBOR. The funds will be used to repay existing debt due on October 9, 2024, maintaining the same overall debt balance. No collateral is required for the new unsecured loans, which are set to mature in 2029 and 2033 respectively.
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