Daiwa Office Investment Corporation [8976.T]
TOKYO, May 22 (Pulse News Wire) – Daiwa Office Investment Corporation (8976.T) announced today that it has decided to borrow a total of ¥1,500 billion (the “Facility”) through various loans, including green loans. The Facility will be used partly to repay a loan due on May 29, 2026.
The key components of the Facility include: - A ¥500 billion loan from SBI Sumishin Bank with an interest rate of three-month LIBOR plus 0.1500%. - A ¥300 billion loan from Agricultural Cooperative Central Union based on its Green Finance Framework, with an interest rate of three-month LIBOR plus 0.2000%. - Loans totaling ¥700 billion from other banks such as Muromachi Bank and Hundred-Five Bank, with varying interest rates and repayment schedules. The interest payment dates for these loans are set for the last day of February, May, August, and November each year, adjusted to the next business day if necessary.
Interest calculation rates are determined two business days prior to each payment date based on the published three-month or one-month interbank call money rate. In addition, Daiwa Office Investment stated that there would be no changes to the risks associated with the repayment of the Facility, as outlined in its securities report submitted on February 16, 2026. Following the execution of the Facility, the corporation's total debt will decrease slightly, with short-term debt dropping by ¥5.700 billion and long-term debt remaining unchanged. The overall debt balance will stand at ¥231.75 billion, down ¥200 million from previous levels.
For more detailed information, investors should consult the supplementary materials provided by the company.
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