Frontier Real Estate Investment Corporation [8964.T]
TOKYO, Jun 18 (Pulse News Wire) – Frontier Real Estate Investment Corporation (8964.T) announced today that it has decided to borrow funds to repay existing long-term loans. Specifically, the company plans to execute a loan of ¥1 billion from Mitsui Sumitomo Marine Fire Insurance Co., Ltd.
On June 22, 2026, with a final repayment due on June 22, 2026, based on the Japanese yen TIBOR rate plus 0.15000%. Additionally, the company intends to repay a previous long-term loan of ¥1 billion borrowed from Mitsui Sumitomo Marine Fire Insurance Co., Ltd. on June 22, 2026.
The newly executed loan will also involve borrowing ¥1 billion from Chiba Bank, with a final repayment scheduled for June 22, 2032, at a rate based on the Japanese yen TIBOR plus 0.15000%. Both loans will be interest-bearing, with payments made monthly on the 22nd and on the final repayment date, adjusted to the next business day if the date falls on a non-business day. As of the latest figures, the company's total liabilities remain unchanged at ¥153.7 billion, with short-term borrowings staying at ¥2 billion and long-term borrowings increasing to ¥138.2 billion post-execution.
Notably, the increase in long-term borrowings does not affect the previously disclosed investment risks outlined in the securities report filed on March 30, 2026.
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