Mitsubishi Estate Logistics REIT Investment Secures 900 Million Yen Loan to Repay Debt

MT Newswires Live
12 Sep 2024

Mitsubishi Estate Logistics REIT Investment Secures 900 Million Yen Loan to Repay Debt

Mitsubishi Estate Logistics REIT Investment (TYO:3481) has secured debt financing of 900 million yen from The Bank of Fukuoka to repay a loan of the same amount, according to its filing on Thursday.

The new loan carries a floating interest rate of base rate plus 0.220%, starting Sept. 17, 2024, and maturing on Sept. 17, 2030.

The funds will repay a previous 900 million yen loan from the same bank, borrowed on Sept. 14, 2017, with a fixed interest rate of 0.4288%, maturing on Sept.14, 2024.

Price (JPY): $376500.00, Change: $+3500, Percent Change: +0.94%

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