Advance Residence Investment to Refinance 1 Billion Yen Loan with MUFG Bank

MT Newswires Live

Dec 09

Advance Residence Investment (TYO:3269) is refinancing a 1 billion yen loan originally drawn in 2015, according to its Tokyo bourse filing on Tuesday.

The new financing of 1 billion yen, also from MUFG Bank, will be drawn on Dec. 18, and used specifically to repay the original loan due on the same date.

The new loan has a repayment term of 9 years, maturing on Dec. 18, 2034.

The company's total interest-bearing debt of approximately 245.2 billion yen will remain unchanged following this refinancing transaction.

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