TOKYU REIT (JP:8957) has released an update.
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TOKYU REIT, Inc. has announced its decision to secure short-term debt financing of ¥1,000 million at a fixed interest rate of 0.84727% to fund cash distributions. The unsecured loan, provided by Sumitomo Mitsui Trust Bank, will be drawn down on October 7, 2024, and is due for lump-sum repayment by January 7, 2025. Post-financing, TOKYU REIT’s total interest-bearing debt will increase to ¥112,500 million.
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