MORI TRUST REIT, Inc.
Notice Regarding Borrowings
Executed short-term borrowings of 4,000 million yen and long-term borrowings of 500 million yen. Repayment will be made in a single lump sum; maturities are September 30, 2027 (short-term) and September 28, 2029 (long-term). Lenders are SMBC and Resona Bank (short-term), and SMIF/SM Insurance for the long-term. Total borrowings remain unchanged; proceeds will be applied to repayment of existing borrowings. No change to overall borrowing status or risk.
Key Figures
- Total Borrowings: 4,500 million yen
- Short-term Borrowings: 34,000 million yen
- Long-term Borrowings: 171,500 million yen
AI要約
Overview of Borrowings
The REIT has decided to undertake new borrowings totaling 4,500 million yen for the purpose of allocating funds to repay existing borrowings maturing on September 30, 2026. The borrowings consist of 4,000 million yen short-term borrowings (from SMBC and Resona Bank: 2,500 million yen and 1,500 million yen respectively) and 500 million yen long-term borrowing (from SMIF/SM Insurance Company at a fixed interest rate of 2.5325%), all unsecured and unguaranteed, with repayment in a single lump sum at maturity. The maturities are September 30, 2027 for the short-term and September 28, 2029 for the long-term.
Financial Impact and Risks
Both total borrowings and the total of corporate bonds after the borrowings will remain unchanged, and there is no change to the 'Investment Risks' described in the Securities Report regarding repayment risk. The repayment plan for the borrowings is intended to repay existing borrowings, and no material new impact on the current capital structure or financial risk has been indicated.
MORI TRUST REIT, Inc.
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