Daiwa Securities Living Investment Corporation
Notice regarding funds refinancing and pre-maturity repayment of existing borrowings
Refinanced 500 million yen and prepaid 5,000 million yen of existing borrowings before maturity. Lenders: SMBC Trust Bank; interest rate: TIBOR + 0.3575%; repayment date: September 30, 2030. Prepayment to Mitsubishi UFJ Bank occurs for 4,300 million yen, with a remaining balance of 6,000 million yen, repayment date: September 30, 2026. Total borrowings reduced from 200,637 million yen to 196,337 million yen.
Key Figures
- Total borrowings: 196,337 million yen → ▲4,300 million yen (after this action)
- Short-term borrowings: 25,171 million yen → ▲4,800 million yen
- Long-term borrowings: 171,166 million yen → +500 million yen
- Total interest-bearing liabilities: 210,237 million yen → ▲4,300 million yen
- Corporate bonds: 13,900 million yen (no change)
AI要約
Overview of refinancing
In this refinancing, a new 500 million yen borrowing maturing on September 30, 2026 will be arranged under unsecured, yen-denominated terms with a TIBOR-based rate (TIBOR + 0.3575%). Repayment is a lump-sum on September 30, 2026, with the term extending to September 30, 2030. This rearranges the funding structure and affects the overall trend of interest-bearing liabilities.
Overview and impact of prepayment
Under the prepayment, 4,300 million yen of the remaining balance of 6,000 million yen from MUFG Bank will be repaid. The funds for repayment are sourced from the proceeds of the issuance of corporate bonds. The prepayment is unsecured and unguaranteed, tightening the overall liability level.
Daiwa Securities Living Investment Corporation
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