MORI HILLS REIT INVESTMENT CORPORATION [3234.T]
TOKYO, May 20 (Pulse News Wire) – Mori Hills REIT Investment Corporation (3234.T) announced today that it has secured a green loan to refinance existing long-term debt. The funds amounting to ¥6.894 billion will be used specifically to replace the previously disclosed long-term borrowings totaling ¥6.894 billion.
The refinancing involves borrowing from Mitsui Sumitomo Trust Bank, Fukuoka Bank, and Agricultural Cooperative Central Bank, with interest rates based on the benchmark rate published two business days prior to each payment date. The loans are scheduled to be repaid in full on various dates ranging from May 29, 2026, to May 31, 2033. All transactions are set to occur without collateral and will adhere to the company’s established Green Finance Framework aimed at sustainable asset acquisitions such as the Ark Mori Building and Kouraku Mori Building.
Following the execution of these refinancing activities, the total long-term borrowings remain unchanged at 170,322 million yen, while investment trust bonds stand at 20,300 million yen. Overall, the combined interest-bearing liabilities post-refinancing total 190,622 million yen, maintaining stability in the capital structure. This refinancing does not alter the risk profile outlined in the previous financial report submitted on April 22, 2026.
Further details regarding the Green Finance Framework can be found on the company's official website.
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