Mitsubishi Estate Logistics REIT Investment Corp. (JP:3481) has released an update.
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Mitsubishi Estate Logistics REIT Investment Corporation (MEL) has announced its decision to secure short-term debt financing totaling 5,500 million yen from Mizuho Bank, Ltd., with a floating interest rate above the base rate and repayment due one year from the borrowing dates in late September 2024. The funds will be used to repay existing borrowings that mature on the same dates the new loans are taken. Following this new financing, MEL’s total debt balance will remain unchanged at 108,549 million yen.
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