Mitsubishi Estate Logistics REIT Raises 2.4 Billion Yen In Loans

MT Newswires Live

03/18

Mitsubishi Estate Logistics REIT Investment (TYO:3481) secured 2.4 billion yen in long-term loans, including green financing, and will use the proceeds to prepay existing bank debt, according to a Wednesday filing on the Tokyo Stock Exchange.

The borrowings comprise 900 million yen from SBI Shinsei Bank and 500 million yen from Keiyo Bank as green loans, alongside a 1 billion yen loan from Daiwa Next Bank, all with fixed interest rates.

Funds will be used to prepay a 2.4 billion yen short-term loan from Mizuho Bank due April.

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