ESCON JAPAN REIT Investment Corporation
Notice Regarding Borrowing of Funds
Escon Japan REIT Corporation decided to execute a short-term borrowing of 4,600 million yen on February 27, 2026, to be allocated to the acquisition of real estate trust beneficiary rights. Of this amount, 2,300 million yen is scheduled for early repayment upon asset transfer.
Key Figures
- Borrowing Amount: 4,600 million yen (Short-term Borrowing)
- Borrowing Interest Rate: Base Interest Rate + 0.20%
- Repayment Deadline: July 31, 2026 (Lump Sum Repayment)
AI要約
Overview of Borrowing
Escon Japan REIT Corporation has decided to execute a short-term borrowing of 4,600 million yen from Mizuho Bank, Ltd. on February 27, 2026. The interest rate on the borrowing is the base interest rate (1-month JPY TIBOR) plus 0.20%. The borrowing is unsecured and unguaranteed, with repayment due in a lump sum on July 31, 2026. The purpose of the borrowing is to allocate funds for the acquisition price (4,400 million yen) and related costs for the real estate trust beneficiary rights announced on the same date.
Post-Borrowing Debt Status and Use of Funds
After the borrowing execution, short-term borrowings will total 7,300 million yen, an increase of 4,600 million yen from 2,700 million yen prior to borrowing. Of this borrowed amount, 2,300 million yen is scheduled for early repayment upon asset transfer, which will result in a projected short-term borrowing balance of 5,000 million yen after early repayment. The repayment schedule for the borrowing runs until July 31, 2026, and the fund raising is planned for February 27, 2026.
