TOKYO, Mar 25 (Pulse News Wire) – Global One Real Estate Investment Corporation (8958.T) announced today that it has decided to borrow funds for two purposes: acquiring GRAND CENTRAL CHIBA and repaying existing long-term loans. The total amount borrowed includes ¥17.50 billion for the property acquisition and ¥6.150 billion to repay maturing debts totaling ¥4.750 billion and ¥200 million from March 31, 2021 and March 31, 2023 respectively, along with another loan due on April 30, 2026.
Additionally, the company plans to secure a short-term loan of 0.16% from Mitsubishi UFJ Bank, which will mature on March 30, 2027. In related developments, the corporation also finalized a longer-term borrowing arrangement involving several banks, including Mitsubishi UFJ Bank, Fukuoka Bank, Sumitomo Mitsui Banking Corporation, Shichiseven Bank, West Japan City Bank, Jozen Bank, and Yamagata Bank. These loans range from ¥300 million to ¥1 billion and carry fixed or variable interest rates based on the Tokyo Interbank Offered Rate (TIBOR). Details on the final interest rates will be disclosed on March 27 and April 27, 2026.
Following the additional borrowings, the company's total debt will increase to ¥126.6 billion, up from ¥109.1 billion previously. The short-term debt will rise to ¥17.50 billion, while the long-term debt remains unchanged at ¥93.4 billion. The investment trust bonds will decrease slightly to ¥15.7 billion. The risks associated with these borrowings remain consistent with those outlined in the securities report filed on December 23, 2025 and the securities filing submitted on the same day.
Investors are advised to review the prospectus and supplementary documents prepared by the company before making any investment decisions.
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