Tokyu REIT, Inc.
Notice Regarding Long-Term Borrowings (Green Loan) and Repayments
Tokyu Real Estate Investment Corporation has borrowed 1,200 million yen in green loans from Mizuho Bank, Ltd., and plans to repay the 1,700 million yen long-term borrowings borrowed in November 2018.
Key Figures
- New Borrowing (Green Loan): 1,200 million yen
- Repayment Borrowing Amount: 1,700 million yen
- Repayment Date: 2026-05-12
AI要約
Overview of Borrowings
Tokyu Real Estate Investment Corporation has decided to borrow 1,200 million yen in long-term borrowings (green loans) from Mizuho Bank, Ltd. on May 12, 2026, as refinancing funds for acquiring specific assets that meet green finance framework criteria. The applicable interest rate is the base rate (Zenginkyo 1-month Japanese Yen TIBOR) plus 0.42%, with a repayment method of a lump-sum payment at maturity, and a repayment period of 8 years.
Regarding Repayment of Borrowings
The 1,700 million yen long-term borrowings borrowed from Mizuho Bank, Ltd. on November 12, 2018, will be repaid in a lump sum on May 12, 2026. The repayment funds will be covered by the new green loan and available cash on hand. There are no collateral or guarantees associated with the repayment, nor any loan fees. After repayment, the remaining borrowings will be 94,000 million yen, and the total interest-bearing liabilities will decrease by 500 million yen.
Tokyu Real Estate Investment Corporation
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