GLP J-REIT Secures 11.2 Billion Yen in New Loans for Debt Refinancing

MT Newswires Live

11/25

GLP J-REIT (TYO:3281) will refinance 11.2 billion yen of existing debt that is maturing in December 2025 and February 2026 with new loans from a consortium of banks, according to its Tokyo bourse filing on Tuesday.

The new borrowings include a 1.3 billion yen green loan from Resona Bank, which aligns with its green finance framework and is eligible for the Bank of Japan's Climate Change Operation funding.

The refinancing strategy extends the maturity profile of its debt, with new repayment dates ranging from 2028 to 2033.

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