MORI TRUST REIT (TYO:8961) will borrow 4 billion yen to repay maturing loans on Nov. 28, according to a Wednesday filing on the Tokyo Stock Exchange.

The REIT will draw 3.5 billion yen from Sumitomo Mitsui Trust Bank at JBA 1-month Japanese Yen TIBOR plus 0.15% and 500 million yen from MUFG Bank at a fixed 1.26750%.

The borrowing will repay short-term loans of 3 billion yen and long-term loans of 1 billion yen. After execution, short-term loans will rise to 17.5 billion yen while long-term loans will fall to 189 billion yen, leaving total debt and investment corporation bonds unchanged at 220.5 billion yen.