Advance Residence Investment (TYO:3269) said it will raise 4.69 billion yen in new borrowings and repay existing loans, including early repayments, as part of its refinancing plan, according to a Friday filing on the Tokyo Stock Exchange.

The REIT will draw a 3.19 billion yen floating-rate loan from MUFG Bank, Ltd. on Feb. 25, maturing in February 2035, to refinance loans due the same day and fund early repayments.

Separately, it will secure a 1.5 billion yen green loan from Mitsubishi UFJ Trust and Banking Corporation on February 27, with a 12-year term ending in February 2038. Proceeds will refinance borrowing tied to RESIDIA TOWER Nakameguro, which qualifies as a green eligible asset under the REIT's framework.

Advance Residence will fully repay three loans totaling 3.49 billion yen through early repayment, while total interest-bearing debt will remain unchanged at 245.2 billion yen after refinancing.