Mitsubishi Estate Logistics REIT Investment Corp. (JP:3481) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Mitsubishi Estate Logistics REIT Investment Corporation has secured a new long-term debt financing agreement with The Bank of Fukuoka, Ltd for 900 million yen at a floating interest rate based on the TIBOR plus 0.220%, which will mature on September 17, 2030. This new borrowing will replace an existing loan with the same bank that was fixed at 0.4288% interest and is due on September 17, 2024. The overall debt balance of the corporation will remain unchanged post the new financing.
For further insights into JP:3481 stock, check out TipRanks’ Stock Analysis page.