ORIX JREIT Inc.
Notice regarding Fundraising
Executed a loan of 27.0 billion yen under a committed line to fund the acquisition of Toyosu Prime Square. Includes Sustainability-Linked Loan (SLL); interest rate fluctuates with a variable benchmark, and a 0.03% reduction when SPT is achieved. Lenders are multiple banks, unsecured and non-collateralized. LTV rises to 49.1%.
Key Figures
- Total borrowings: 27,000 百万円
- Long-term borrowings: 352,197 百万円（+19,000）
- Interest-bearing liabilities total: 381,197 百万円（+27,000）
AI要約
Section Heading
This notice provides information on financing related to ORIX Real Estate Investment Corporation's execution of a loan totaling 27.0 billion yen to fund the acquisition of Toyosu Prime Square. The loan is based on a multi-bank committed line contract, with the majority of the borrowing being long-term and unsecured. It includes a Sustainability-Linked Loan (SLL) framework, with interest rate adjustments tied to the achievement of Sustainability Performance Targets (SPT). The SPT KPI is set to achieve a reduction of 42.0% or more over the one-year period ending March 31, 2031, starting from March 31, 2022. The current LTV stands at 49.1%.
Section 2 heading
Funds are to be used for the acquisition of Toyosu Prime Square. After loan execution, interest-bearing liabilities total 381,197 million yen, including short-term borrowings of 8,000 million yen. As a condition of sustainability-linked financing, interest may decrease by 0.03% depending on SPT achievement, a point of importance for investors. Going forward, attention will be on the trajectory of LTV and progress of asset acquisition for financial soundness.
Orix Real Estate Investment Corporation
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