Frontier REIT To Borrow 1 Billion Yen From SMBC, Repay 2019 Loan

MT Newswires Live

09/02

Frontier Real Estate Investment (TYO:8964) will draw a new 1 billion yen long-term loan from Sumitomo Mitsui Banking Corp on Sept. 4, 2025, to refinance an existing borrowing taken in 2019 that matures the same day, according to a Tuesday filing on the Tokyo Stock Exchange.

The new facility is unsecured and unguaranteed, carries a fixed interest rate of 1.72875%, and will mature on Sept. 4, 2034, the company said.

Frontier added that its total borrowings and bond balance will remain unchanged at 137.7 billion yen after the refinancing.

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