Daiwa Securities Living Investment Corp Refinances Debt Ahead of June 30 Deadline

TOKYO, Jun 24 (Pulse News Wire) – Daiwa Securities Living Investment Corporation (8986.T) announced on June 24, 2026 that it had decided to refinance existing debt ahead of the repayment deadline on June 30, 2026. The refinancing involves borrowing funds from existing financial institutions amounting to ¥700 million.

The loan agreement was signed on June 24, 2026. Under the terms of the refinancing, Daiwa Securities Living Investment Corporation will secure a term loan known as Loan 26K, which carries an interest rate based on the average of the Tokyo Interbank Offered Rate (TIBOR) plus ¥700 basis points. The loan will be disbursed on June 30, 2026 and repaid in full on March 31, 2033.

Interest payments will be made monthly on the last day of each month, with adjustments for non-business days. Following the refinancing, the total borrowings of the investment trust will remain unchanged at 210,237 million yen, comprising short-term loans of 22,413 million yen and long-term loans of 188,224 million yen. There are no significant changes to the risks associated with the refinancing as outlined in the 40th periodic securities report filed on June 25, 2019.