Tokaido REIT, Inc.
Notice Regarding Borrowing of Funds
This REIT has newly executed total long-term borrowings of ¥5,600 million. Borrowings from a syndicated loan led by Series 13-A of ¥3,000 million and Series 13-B of ¥2,600 million. Interest rates include a spread of 0.45% and 0.50% over the base rate respectively. Repayment deadlines are January 31, 2029 and June 23, 2029, unsecured and non-recourse. The funds will be used to repay Series 1-C.
Key Figures
- Total borrowings: ¥5,600 million
- Series 13-A borrowings: ¥3,000 million
- Series 13-B borrowings: ¥2,600 million
AI要約
Financing overview
This REIT will incur borrowings totaling ¥5,600 million as long-term debt. The breakdown is Series 13-A of ¥3,000 million and Series 13-B of ¥2,600 million, borrowed from a syndicated loan group. Repayment is on a single due date, with interest payments due at the end of each month, including the first interest payment date. No collateral or guarantees apply, and the execution date is June 23, 2026.
Use of funds and impact on finances
The borrowings are intended to allocate funds to repay Series 1-C (totaling ¥5,600 million) due June 23, 2026. The total interest-bearing debt from the new borrowings is expected to remain flat or increase slightly, and there is no material change to the financial structure from what is described in the fund's investment risk section (Fund I).
Tokaido REIT Investment Corporation
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