Mitsubishi Estate Logistics Secures New Financing

Mitsubishi Estate Logistics REIT Investment Corp. (JP:3481) has released an update.

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.

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