MORI TRUST REIT to Borrow 4 Billion Yen to Repay Maturing Loans
MT Newswires Live
Nov 26
MORI TRUST REIT (TYO:8961) will borrow 4 billion yen to repay maturing loans on Nov. 28, according to a Wednesday filing on the Tokyo Stock Exchange.
The REIT will draw 3.5 billion yen from Sumitomo Mitsui Trust Bank at JBA 1-month Japanese Yen TIBOR plus 0.15% and 500 million yen from MUFG Bank at a fixed 1.26750%.
The borrowing will repay short-term loans of 3 billion yen and long-term loans of 1 billion yen. After execution, short-term loans will rise to 17.5 billion yen while long-term loans will fall to 189 billion yen, leaving total debt and investment corporation bonds unchanged at 220.5 billion yen.
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.