Japan Real Estate Investment Corporation
Notice Regarding Borrowing of Funds
Japan Real Estate Investment Corporation plans to execute a total borrowing of JPY 10,000 million on March 25, 2026, to cover the decrease in cash on hand and to allocate funds for the acquisition of domestic real estate trust beneficiary rights.
Key Figures
- Total Borrowed Amount: JPY 10,000 million
- Borrowing Execution Date: 2026-03-25
- Principal Repayment Date: 2027-03-25
AI要約
Overview of the Borrowing
Japan Real Estate Investment Corporation has decided to borrow a total of JPY 10,000 million to cover the decrease in cash on hand and to allocate funds for the acquisition of domestic real estate trust beneficiary rights announced on March 11 and March 19, 2026. The borrowing is scheduled to be executed on March 25, 2026. The Corporation will borrow JPY 5,000 million from Norinchukin Bank (base rate +0.060%, 3-month JPY TIBOR) and JPY 5,000 million from Shinkin Central Bank (base rate +0.060%, 1-month JPY TIBOR) on an unsecured and unguaranteed basis. The principal is scheduled to be repaid in a lump sum on March 25, 2027.
Financial Status and Risks After Borrowing
As a result of this borrowing, short-term borrowings will increase from JPY 40,000 million to JPY 50,000 million, and total interest-bearing debt will increase from JPY 491,193 million to JPY 501,193 million. Long-term borrowings and investment corporation bonds remain unchanged. There are no significant changes regarding repayment risks from those described in the investment risks section of the securities registration statement submitted on March 19, 2026.
