Ichigo Office REIT Investment Secures New Loans Totalling 4.19 Billion Yen to Repay Debt

Ichigo Office REIT Investment (TYO:8975) has secured new loans totaling 4.19 billion yen to repay debts of a similar amount, according to a Thursday filing.

On Sept. 25, the Reit will borrow 2.13 billion yen from SMBC, Mizuho Bank, MUFG Bank, and The Bank of Fukuoka, with a fixed interest rate of the base rate plus 0.45%, repayable on Oct. 25, 2028.

Additionally, it will borrow 2.06 billion from SMBC, Mizuho Bank, The Bank of Fukuoka, The Bank of Yokohama, and Mizuho Trust & Banking, at an interest rate of 1M JPY TIBOR plus 0.60%, repayable on April 25, 2031.

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