Mitsubishi Estate Logistics REIT Secures Debt Financing
Mitsubishi Estate Logistics REIT Investment (TYO:3481) will secure 900 million yen in long-term debt financing from The Bank of Fukuoka, according to a Thursday filing on the Tokyo Stock Exchange.
The borrowing, with a base interest rate plus 0.220%, is scheduled for Sept. 17 and will be repaid in full upon maturity on Sept. 17, 2030.
The funds will be used to repay an existing 900 million yen loan from The Bank of Fukuoka, which has a fixed interest rate of 0.4288% and matures on Sept. 17.
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