GLP J-REIT Secures 11.2 Billion Yen in New Loans for Debt Refinancing
MT Newswires Live
Nov 25
GLP J-REIT (TYO:3281) will refinance 11.2 billion yen of existing debt that is maturing in December 2025 and February 2026 with new loans from a consortium of banks, according to its Tokyo bourse filing on Tuesday.
The new borrowings include a 1.3 billion yen green loan from Resona Bank, which aligns with its green finance framework and is eligible for the Bank of Japan's Climate Change Operation funding.
The refinancing strategy extends the maturity profile of its debt, with new repayment dates ranging from 2028 to 2033.
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.