Source disclosure: February 16, 2026
Ichigo Office REIT Investment Corporation [8975.T]
TOKYO — Ichigo Office REIT Investment Corporation announced on Thursday that it has secured financing to partially fund the acquisition of its planned asset, the Ichigo Shipbridge Building, as well as related expenses. The company plans to borrow a total of ¥2 billion from two major banks.
The first loan of ¥1 billion will be provided by Sumitomo Mitsui Banking Corporation, while the second loan of an equal amount will come from Mitsubishi UFJ Financial Group's bank subsidiary. Both loans have been set at a floating interest rate of one-month TIBOR plus 0.59 percent, with repayment due on July 25, 2032, after a six-and-a-half-year borrowing period. No collateral is required for either transaction.
According to the announcement, the initial interest payment date for both loans will be February 25, 2026, followed by monthly payments on the 25th thereafter. If any scheduled payment falls on a non-business day, it will be adjusted to the next business day, or if this adjustment pushes the payment into the following month, it will revert to the previous business day.
Ichigo Office REIT Investment Corporation stated that these new borrowings would not significantly impact their previously forecasted operational status and distribution expectations for fiscal years ending April 2026 and October 2026, which were outlined in their earnings release dated December 15, 2025. As such, no changes are anticipated to the outlook presented in those documents.
Furthermore, the company noted that there have been no substantial alterations to the risk factors associated with this borrowing since they were detailed in the securities report filed on January 28, 2026. This includes maintaining the same level of risk exposure as described under "Investment Risks" within that document.
Following the completion of these financings, the corporation’s total debt load will rise slightly to ¥126.638 billion from ¥124.638 billion. However, the structure of the debt remains largely unchanged, with the majority still being long-term variable-rate loans. The addition of the new borrowings does extend the maturity profile out to 2032 but maintains a balanced spread across various periods up until then.
AI-translated content. 🟡 Confidence: Standard See terms • Original filing