Mitsui Fudosan Accommodations Fund Inc.
Notice Regarding Borrowing of Funds
A new borrowing was executed totaling 8,000 million yen structured across short- and long-term facilities, unsecured and non-guaranteed, with interest rates based on 3-month TIBOR plus 0.1–0.25%. Maturity is up to September 30, 2037. Proceeds will be applied to repayment of existing borrowings.
Key Figures
- Borrowing Amount: 8,000 million yen
- Total Interest-Bearing Debt: 17,470 million yen
- Maturity Date: Up to 2037-09-30
AI要約
Key Points
Mitsui Fudosan Accommodations Fund Inc. executed a new borrowing totaling 8,000 million yen. The breakdown consists of four loans: MUFG Bank, Ltd. 4,000 million yen, MUFG Bank, Ltd. 1,000 million yen, Sumitomo Mitsui Banking Corporation 1,000 million yen, and Fukui Bank, Ltd. 1,000 million yen. Interest is charged at reference rates with an addition of 0.1–0.25% depending on each loan; loans are unsecured and non-guaranteed with bullet repayment at maturity. The purpose is to apply proceeds to repayment of existing borrowings; repayment terms and arrangements are as described below.
Future Impact and Risks
Total interest-bearing debt will decrease due to the new borrowing (-1,000 million yen), and the interest-bearing debt ratio remains unchanged at 54.6%. The repayment schedule is extended, with a policy to maintain stability of financial leverage. However, interest rate fluctuation risk remains, so funding costs may vary depending on future interest rate movements.
Mitsui Fudosan Accommodations Fund Inc.
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