Escon Japan REIT Investment Invests Prepayment of Debt Ahead of Schedule

TOKYO, Mar 27 (Pulse News Wire) – ESCON JAPAN REIT Investment Corporation (2971.T) announced today that it completed a prepayment of debt ahead of schedule. The prepayment amount was ¥2.300 billion.

The repayment took place, utilizing part of the proceeds from the sale of four underlying land properties transferred on February 10, 2026. This prepayment relates to a loan agreement signed with Mizuho Bank on February 10, 2026, with a total borrowing amount of 0.20%. The loan had a term ending July 31, 2026, and was unsecured.

Following this prepayment, the corporation's outstanding borrowings decreased from 41,551 million yen to 39,251 million yen, reducing its total interest-bearing liabilities by 2,300 million yen. Post-prepayment, the breakdown of the corporation’s borrowings is as follows: | Item | Before Prepayment | After Prepayment | Change | |------|------------------|-----------------|--------| | Short-term Borrowing | 7,300 | 5,000 | 2,300 | | Long-term Borrowing | 34,251 | 34,251 | -- | | Total Borrowing | 41,551 | 34,251 | 2,300 | | Corporate Bonds | -- | -- | -- | | Total Borrowing and Corporate Bonds | 41,551 | 39,251 | 2,300 | | Other Interest-Bearing Liabilities | -- | -- | -- | | Total Interest-Bearing Liabilities | 41,551 | 39,251 | -2,300 | The risks associated with this prepayment remain unchanged from those detailed in the securities report filed on October 27, 2025. The repayment schedule now shows a reduction in future obligations, particularly for the seventh period ending July 2026, which saw a decrease from 2,228.7 million yen to 992.87 million yen.