MIRARTH Real Estate Investment Corporation
Notification Regarding Borrowing of Funds (Determination of Interest Rate)
MIRARTH REIT, Inc. announced that it will borrow 3,000 million yen in long-term debt at an annual interest rate of 2.79875% on March 3, 2026, with a lump-sum repayment scheduled for February 28, 2031.
Key Figures
- Planned Borrowing Amount: 3,000 million yen (long-term loan)
- Interest Rate: 2.79875% (fixed rate)
- Planned Borrowing Date: 2026-03-03, Maturity Date: 2031-02-28 (lump-sum repayment)
AI要約
Overview of Fund Borrowing
MIRARTH REIT, Inc. announced on February 24, 2026, that the terms for its fund borrowing have been determined, involving a long-term loan of 3,000 million yen at an interest rate of 2.79875%. The lender is a syndicated loan group arranged by Sumitomo Mitsui Banking Corporation. The planned borrowing date is March 3, 2026, with a maturity date of February 28, 2031, on which the entire principal will be repaid in a lump sum. The loan is unsecured and unguaranteed, and interest payments are scheduled quarterly.
Repayment Terms and Other Matters
Repayment will be made as a lump sum at maturity; however, early repayment is possible if certain conditions are met. The first interest payment date is May 29, 2026, and thereafter interest is payable on the last day of every third month. When the repayment or interest payment dates fall on non-banking business days, adjustments will be made to the preceding or following business day. This borrowing is part of the company’s capital fundraising measures and does not directly affect the number of shares or dividends for investors.
