MIRARTH Real Estate Investment Corporation
Notice Regarding Borrowing of Funds and Early Repayment
MIRARTH REIT Investment Corporation decided to execute a total long-term borrowing of 13,360 million yen on March 3, 2026, and to make an early repayment of existing borrowings amounting to 4,725 million yen on the same day.
Key Figures
- Planned Borrowing Amount: 13,360 million yen
- Early Repayment Amount: 4,725 million yen
- Long-Term Borrowings Balance (After This Borrowing): 104,580 million yen (Increase of 8,635 million yen)
AI要約
Overview of the Borrowing
MIRARTH REIT Investment Corporation will execute a total long-term borrowing of 13,360 million yen on March 3, 2026. The borrowing is arranged by Sumitomo Mitsui Banking Corporation as the lead arranger in a syndicated loan. The borrowing consists of 7,000 million yen (variable interest rate plus 0.50%), 3,360 million yen (variable interest rate plus 0.425%), and 3,000 million yen (undetermined fixed interest rate). The repayment dates range from 2029 to 2031, and the loans are unsecured and unguaranteed.
Purpose of Borrowing and Overview of Early Repayment
The borrowed funds will be partially allocated to the acquisition funding and incidental expenses of seven properties scheduled for acquisition announced on February 13, 2026. Additionally, existing borrowings of 4,725 million yen will be repaid in full early on the same day. The early repayment will be carried out on March 3, 2026, using part of the newly borrowed funds. The balance of borrowings is expected to increase by 8,635 million yen from 95,945 million yen before the borrowing to 104,580 million yen after.
