Daiwa House REIT Investment Corporation
Notice on Fund Borrowing (part of Sustainability-Linked Loan) and Repayment of Loans
announces a new loan totaling 6,000 hundred million yen and a repayment plan for existing borrowings. Funds will be used in part for repayment, with procurement from multiple financial institutions including sustainability-linked loans, and repayment terms predominantly at fixed interest rates. Total interest-bearing liabilities decreased by 1,000 hundred million yen YoY.
Key Figures
- Borrowing planned amount: 6,000 百万円
- Balance after execution of long-term borrowings: 368,550 百万円
- Total interest-bearing liabilities: 406,950 百万円
AI要約
Overview
This investment trust has disclosed a plan for new borrowings including a sustainability-linked loan and repayments of existing borrowings. Lenders include Nippon Life Insurance Company and other banks, for a total borrowing of 6,000 hundred million yen and application of portions of long-term borrowings scheduled for repayment by the same day. Interest rates are assumed to be fixed for all, and the repayment schedule, including the first interest payment date, is specified.
用途 and financial impact
With the repayment funding, the net increase/decrease in long-term borrowings is a decrease of 1,000 hundred million yen, and total interest-bearing liabilities are also expected to decrease by 1,000 hundred million yen. The sustainability-linked loan has obtained an SU1 rating, emphasizing financial soundness and cost of capital management. Future interest rate movements may impact cash flow.
Daiwa House REIT Investment Corporation
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