Source disclosure: January 20, 2026
Activia Properties Inc. [3279.T]
TOKYO — Activia Properties Inc., a real estate investment trust (REIT), announced on January 20, 2026, that it has secured financing through a short-term borrowing arrangement to partially fund the repayment of an existing bond issuance due in February 2026.
The REIT, headquartered in Shibuya Ward, Tokyo, will borrow ¥19.98 billion from Mizuho Bank, Mitsubishi UFJ Financial Group Bank, and Sumitomo Mitsui Trust Bank under a committed loan agreement dated June 10, 2025. The interest rate is set at the six-month base rate published by the Japan Banking Association plus 0.275%. The principal amount will be repaid in full on February 2, 2027, while interest payments will commence in February 2026 and continue monthly until maturity. Interest rates will be based on the TIBOR rate as determined two business days prior to each payment date, unless otherwise specified in the contract terms.
This borrowing decision was made to provide funds for the partial repayment of the company's fourth series of unsecured bonds totaling ¥20 billion, which mature on February 3, 2026. For more detailed information about these bonds, investors can refer to the announcement released on January 28, 2016, regarding the issuance of investment trust bonds.
Following this new borrowing, the total debt of Activia Properties Inc. will increase to ¥246.146 billion as of February 3, 2026, up from ¥244.148 billion previously. This includes a rise in short-term loans to ¥3.996 billion from ¥1.998 billion before the transaction. However, the overall leverage ratio will slightly decrease to 98.5%, down from 99.2%, reflecting a minor adjustment in long-term liabilities and fixed-rate debt ratios. These changes indicate a strategic shift towards maintaining financial stability amid ongoing refinancing activities.
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