NTT UD REIT Refinances ¥3 Billion Loan With New Long-Term Debt

NTT UD REIT Investment Corporation ( (JP:8956) ) just unveiled an announcement.

NTT UD REIT Investment Corporation has arranged new long-term debt financing totaling 3 billion yen to refinance an existing loan maturing on April 30, 2026, maintaining its total interest-bearing liabilities at 147.25 billion yen. The financing consists of a 1.5 billion yen five-year fixed-rate loan from Development Bank of Japan and a 1.5 billion yen eight-year floating-rate loan from MUFG Bank, ensuring smooth rollover of liabilities without increasing leverage or altering its disclosed loan-related risk profile for investors.

The new borrowings keep the balance between short-term and long-term loans unchanged, with 8 billion yen in short-term loans and 132.05 billion yen in long-term loans, and no change in the 7.2 billion yen of corporate bonds outstanding. By locking in a mix of fixed and TIBOR-linked floating rates and staggering maturities to 2031 and 2034, the REIT aims to stabilize funding costs and extend its debt duration, supporting continued portfolio operations without additional balance sheet strain for unitholders.

More about NTT UD REIT Investment Corporation

NTT UD REIT Investment Corporation is a Japanese real estate investment trust (J-REIT) managed by NTT Urban Development Asset Management Corporation and listed under securities code 8956. It invests in income-producing real estate assets, using a mix of short- and long-term bank loans and corporate bonds to finance its portfolio and manage refinancing needs in Japan’s capital markets.

Average Trading Volume: 3,706

Technical Sentiment Signal: Buy

Current Market Cap: Yen207.8B

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