Japan Logistics Fund (TYO:8967) has decided to raise 1 billion yen through a new bank loan to refinance an existing loan of the same amount that is due on Aug. 31.
The new loan has a five-year term with a fixed interest rate, and the borrowing date is set for Aug. 29, according to its Tokyo bourse filing on Tuesday.
This transaction will not change the company's total interest-bearing debt, which will remain at 120.06 billion yen.
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