Mitsubishi Estate Logistics REIT Investment Secures 900 Million Yen Loan to Repay Debt

MT Newswires Live

2024/09/12

Mitsubishi Estate Logistics REIT Investment (TYO:3481) has secured debt financing of 900 million yen from The Bank of Fukuoka to repay a loan of the same amount, according to its filing on Thursday.

The new loan carries a floating interest rate of base rate plus 0.220%, starting Sept. 17, 2024, and maturing on Sept. 17, 2030.

The funds will repay a previous 900 million yen loan from the same bank, borrowed on Sept. 14, 2017, with a fixed interest rate of 0.4288%, maturing on Sept.14, 2024.

Price (JPY): $376500.00, Change: $+3500, Percent Change: +0.94%

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