ORIX JREIT Inc.
Notice Regarding Fund Borrowing
Borrowings totaling 10.615 billion yen were executed. A Sustainability-Linked Loan (SLL) was arranged, with interest rate reductions of 0.01% per year upon KPI achievement. Lenders include Norinchukin Bank and four others, with a loan term starting 2026/9/24 and maturity no later than 2035/9/20. Proceeds are allocated to repayment funding.
Key Figures
- Borrowings (total): 10,615 million yen
- Long-term borrowings: 333,197 million yen
- Total interest-bearing debt: 354,197 million yen
- LTV (total assets): 47.2%
- Interest rate reduction upon SPT achievement: 0.01% per year per SPT achievement
AI要約
Key funding details
This REIT executed funding including a Sustainability-Linked Finance Loan (SLL). The total borrowings amount to 10,615 million yen, consisting of 3,000 million yen fixed-rate (Norinchukin Bank – SLL), 1,000 million yen fixed-rate (Yamaguchi Bank), 2,500 million yen floating-rate (Fukuoka Bank), and 3,115 million yen floating-rate (MUFG Bank). Repayment starts 2026/9/24, with final maturity on 2035/9/20. Interest rates are reduced by 0.01% as SLL KPI targets are achieved. The primary use of funds is for repayment funding.
Financial impact and risks
Total interest-bearing debt decreased by 5,500 million yen, and LTV softened to 47.2%. Because KPI achievement directly affects interest rates under the SLL framework, medium- to long-term changes in financing costs depend on KPI performance. The disclosed points are within the scope of existing investment risks, and no additional risk disclosures have been added.
Orix Real Estate Investment Corporation
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