Nippon Prologis REIT, Inc.
Notice Regarding Extension of Commitment Line Agreement Term
Prologis REIT, Inc. has decided to extend the commitment period of the commitment line agreement established on February 12, 2013, until February 29, 2028.
Key Figures
- Commitment amount 20 billion yen
- New commitment period end date February 29, 2028
AI要約
Key Announcement Details
Prologis REIT, Inc. has decided to extend the commitment period of the commitment line agreement, initially established on February 12, 2013, from the current February 26, 2027, to February 29, 2028. The commitment amount is 20 billion yen, and the contracting parties are Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd., and Mizuho Bank, Ltd. The agreement is unsecured and unguaranteed, and the funds are intended for repayment of existing borrowings and related expenses, return of security deposits and guarantees, acquisition of real estate funds, and related costs.
Impact on Investors
The extension of the commitment line agreement term enhances the stability of financing, allowing continuous repayment of existing borrowings and securing funds for real estate acquisitions. This is expected to strengthen the financial base of the investment corporation, providing investors with increased confidence in cash flow management.
