TOKYO, Mar 24 (Pulse News Wire) – Daiwa Office Investment Corporation (8976.T) announced today that it has decided to secure a total loan facility of ¥24.5 billion. The funds will be used to refinance existing debt due on March 31, 2026, and partially finance the acquisition of assets scheduled for March 27 and March 31, 2026.
The loans will be sourced from various banks, including Mizuho Bank and SBI Sumishin Prime Bank, which qualify as green loans according to the firm's Green Finance Framework. The interest rates range from three-month LIBOR plus fixed percentages to variable rates based on one-month LIBOR.
Specific repayment schedules vary but generally align with monthly or quarterly payment cycles. Following the execution of these loans, Daiwa Office Investment’s total borrowings will increase to ¥239.45 billion as of March 31, 2026, up from ¥217.95 billion previously.
Of this amount, approximately 71.4% will consist of floating-rate liabilities while the remaining 28.6% will be fixed-rate obligations.
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