Advance Residence Investment Corporation [3269.T]
TOKYO, May 19 (Pulse News Wire) – Advance Residence Investment Corporation (3269.T) announced today that it has decided to borrow ¥300 million from Sumitomo Mitsui Trust Bank on May 27, 2026, with a repayment due on May 27, 2027, and no collateral. The funds will be used for part of the acquisition costs of the real estate property Residencia Matsujinja-mae and related expenses.
Additionally, the company plans to enter into a commitment line agreement with Mizuho Bank and Mitsubishi UFJ Financial Group for a loan of ¥1 billion, with an undetermined interest rate, repayable on November 28, 2027, also without collateral. The purpose of this borrowing is to finance the acquisition of trust beneficiary rights for Residencia Tokiwadai and associated costs.
On May 29, 2026, the company will settle its existing debt of ¥1.56 billion borrowed from Sumitomo Mitsui Banking Corporation, which matures on April 28, 2026, and will utilize the proceeds from the new loans for this repayment. Following these transactions, the total interest-bearing liabilities of the investment corporation are expected to increase by ¥4.2 billion to ¥249.409 billion as of May 29, 2026.
The risks associated with these financing activities remain unchanged since the filing of the securities report on April 24, 2026.
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