TOKYO, Mar 18 (Pulse News Wire) – Ichigo Office REIT Investment Corporation (8975.T) announced today that it has decided to refinance existing debt through a new loan. The new loan amounting to ¥121.388 billion will be used to repay existing borrowings totaling ¥692 million.
The refinancing will be executed on July 25, 2033 with Sumitomo Mitsui Banking Corporation at a floating interest rate based on one-month TIBOR plus 692 basis points, without collateral. The initial interest payment period starts on April 25, 2026. According to the company, the impact of this refinancing on its operations and forecasted distribution payments for fiscal years ending April 2026 and October 2026 remains unchanged from the outlook published on December 15, 2025.
Additionally, there are no significant changes to the risk profile outlined in the securities report filed on January 28, 2026. Following the refinancing, the total liabilities of Ichigo Office REIT remain stable, with long-term borrowings increasing to ¥121.388 billion from ¥121.388 billion previously. The company's overall leverage position does not show any net increase due to the repayment of equivalent existing debt.
Detailed breakdowns of the refinanced debt structure indicate a balanced maturity schedule across various future periods up to fiscal year 2034, ensuring manageable cash flow requirements and maintaining operational flexibility.
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