TOKYO, Mar 24 (Pulse News Wire) – NTT UD REIT Investment Corporation (8956.T) announced today that it has secured three term loans totaling ¥1 billion and prepaid existing debt amounting to ¥2.3 billion. The new loans consist of two long-term loans and one short-term loan, with maturities ranging from 1.0 to 8.0 years.
Key details are as follows: - A ¥500 million fixed-rate loan from Mitsubishi UFJ Bank with a maturity of 5.0 years. - A ¥300 million variable-rate loan from Sumitomo Mitsui Trust Bank with an 8-year term. - A ¥200 million variable-rate loan from Resona Bank with a 1-year term.
Additionally, the company plans to prepay ¥2.3 billion in existing debt due on March 31, 2026, to Sumitomo Mitsui Trust Bank. Following these transactions, the total interest-bearing liabilities will decrease from ¥1 billion to ¥700 million. The changes are summarized below: | Type of Liability | Before Transaction | After Transaction | Change | |-------------------|--------------------|-------------------|--------| | Short-term borrowings | -¥600 million | ¥500 million | Decrease of ¥100 million | | Long-term borrowings | ¥800 million | ¥700 million | Decrease of ¥100 million | | Total borrowings | ¥1 billion | ¥700 million | Decrease of ¥300 million | | Corporate bonds | ¥1.200 billion | ¥1.1 billion | Decrease of ¥100 million | | Total interest-bearing liabilities | ¥2.2 billion | ¥1.8 billion | Decrease of ¥400 million | This move does not alter the risk profile outlined in the securities report filed on March 22, 2018.
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