Mori Hills REIT Secures 5.29 Billion Yen in Borrowings

MT Newswires Live

11/19

Mori Hills REIT Investment (TYO:3234) arranged 5.29 billion yen in new borrowings to replenish cash used for recent loan repayments and to refinance 960 million yen in debt maturing on Nov. 28, according to a Wednesday filing on the Tokyo Stock Exchange.

The funds will also partially finance the Dec. 1 acquisition of Toranomon Hills Mori Tower.

Lenders include Sumitomo Mitsui Trust Bank, Resona Bank, SBI Shinsei Bank and The 77 Bank, with some loans structured as green financing.

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