Mori Trust REIT Secures 1 Billion Yen Loan to Repay Existing Debt

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Mori Trust REIT (TYO:8961) has secured a new long-term 1 billion yen loan to repay the existing debt of a similar amount, according to its Tokyo bourse filing on Tuesday.

The new loan, provided by the Development Bank of Japan, carries a fixed interest rate of 1.74926% and is scheduled for drawdown on March 12.

The new loan will mature on March 30, 2029.

Total outstanding loans and bonds remain unchanged at 220.5 billion yen following the refinancing.

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