Ichigo Office REIT Investment Corporation [8975.T]
TOKYO, Apr 23 (Pulse News Wire) – Ichigo Office REIT Investment Corporation (8975.T) announced today that it has decided to refinance existing loans through new borrowings totaling [NUM_1] million yen. The funds raised will be used to repay previous borrowings amounting to [NUM_0] million yen.
The new debt includes several tranches from various lenders: - Mizuho Trust Bank Co., Ltd.: [NUM_14] million yen at a floating rate based on one-month yen TIBOR, due on July 25, 2033. - Aozora Bank, Ltd.: [NUM_2] million yen at a fixed rate of 7.2%, due on April 25, 2034. - Resona Bank, Ltd.: [NUM_15] million yen at a floating rate based on one-month yen TIBOR, due on April 30, 2026. Other lenders involved include Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Financial Group, and SBI Sumishin Prime Bank.
All borrowings are unsecured and will be repaid in lump sums upon maturity. Regarding future outlook, the company stated that the refinancing would have a minor impact on its operations and distribution forecasts for fiscal years ending April 2026 and October 2026, as previously disclosed. Following the new borrowings, the total interest-bearing liabilities remain unchanged at [NUM_24] million yen, with no increase in overall leverage. The company's risk profile remains consistent with the risks outlined in its securities report filed on January 28, 2026.
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