Nippon Building (JP:8951) has released an update.
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Nippon Building Fund Inc. announced on September 5, 2024, that it will secure ¥14 billion in short-term financing from Sumitomo Mitsui Trust Bank and Resona Bank, with repayment due in October 2024. The funds will be used to partially cover the 46th period cash distribution, with the full amount expected to be expended within September 2024. This financing will increase the company’s total short-term borrowings from ¥5 billion to ¥19 billion.
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