Source disclosure: February 25, 2026, 16:30 JST
Mitsui Fudosan Accommodations Fund Inc. [3226.T]
TOKYO, Feb 25 (Pulse News Wire) -- Mitsui Fudosan Accommodations Fund Inc. (3226.T), represented by Executive Director Tetsu Inoue, announced today that it has finalized arrangements for new borrowings totaling ¥60 billion. The company will secure these funds through two separate agreements with Sumitomo Mitsui Trust Bank Ltd. and Mitsubishi UFJ Financial Group Inc., as well as one agreement with Mizuho Bank Ltd.
Under the terms of the first agreement, Sumitomo Mitsui Trust Bank Ltd. will provide ¥20 billion at an interest rate of TIBOR + 0.045%, with repayment due on May 29, 2026. For the second transaction, Mitsubishi UFJ Financial Group Inc. will lend ¥30 billion at an interest rate of TIBOR + 0.10%, repayable in full on March 31, 2026. Additionally, Mizuho Bank Ltd. will extend a loan of ¥10 billion at an interest rate of TIBOR + 0.32%, payable over a longer period until February 29, 2036.
The borrowed funds will be used primarily to refinance existing debts. Specifically, they will replace loans previously taken out from Sumitomo Mitsui Trust Bank Ltd. worth ¥20 billion executed on November 28, 2025, and another ¥30 billion from Mitsubishi UFJ Financial Group Inc. originally disbursed on March 7, 2022, with partial repayment scheduled for February 27, 2026. Furthermore, part of the proceeds will also cover a ¥10 billion loan from Mizuho Bank Ltd. that was initially issued on February 28, 2020.
Following this refinancing activity, the total amount of short-term and long-term borrowings remains unchanged at ¥1,637 billion. Consequently, the ratio of interest-bearing liabilities to total equity stays constant at 53.8%, while the proportion of long-term interest-bearing debt within the overall debt structure is maintained at 98.8%. These figures reflect no significant changes compared to those reported in the securities report filed on November 28, 2025, which detailed potential investment risks associated with such financing activities.
The funds will be used for ). For full details, please refer to the original disclosure document.
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