CRE Logistics REIT (TYO:3487) has secured 6.3 billion yen in borrowings, including green loans, to refinance maturing debt of 4.5 billion yen and redeem a 2 billion yen green bond due this year.
The loans, provided by major banks like Sumitomo Mitsui and Mizuho, feature interest rates tied to sustainability criteria and will fund logistics properties meeting green finance standards.
The refinancing will increase long-term loans by 1.8 billion yen but reduce total interest-bearing debt by 200 million yen, maintaining stable leverage.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.