Source disclosure: February 25, 2026, 16:50 JST
HEIWA REAL ESTATE REIT,Inc. [8966.T]
TOKYO, Feb 25 (Pulse News Wire) -- HEIWA REAL ESTATE REIT, Inc. (8966.T), represented by Executive Director Aimi Motomura, announced today that it has decided to borrow funds through a term loan agreement with Sumitomo Mitsui Banking Corporation. The company will borrow ¥5,140 million under this arrangement, which is set to be executed on March 2, 2026, based on an individual lending contract scheduled to be signed on February 26, 2026.
The interest rate for this borrowing will be the Bankers Association One-Month Japanese Yen TIBOR plus 0.22 percent. Interest payments will be due every month-end, with the first payment scheduled for March 31, 2026. If any payment date falls on a non-business day, it will be adjusted to the preceding business day. The principal repayment is due entirely on June 30, 2027, and there will be no collateral or guarantor associated with this loan.
This borrowed amount will partially fund the acquisition of the Nagoya Heiwa Building, as disclosed in the announcement dated February 10, 2026, along with related expenses. Following the execution of this loan, the total debt of HEIWA REAL ESTATE REIT, Inc., including both short-term and long-term liabilities, will increase by ¥5,140 million, bringing the overall indebtedness to ¥138,680 million.
In addition, the company stated that there have been no changes to the risks associated with this borrowing since they were outlined in the Investment Risk section of their 48th fiscal period (ending November 2025) securities report filed on February 25, 2026. For further information, investors can visit the company's official website at https://www.heiwa-re.co.jp/.
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