TOKYO, May 21 (Pulse News Wire) – TOKYU REIT, Inc. (8957.T) announced today that it has decided to increase its long-term borrowing to fund the repayment of existing debt due on May 25, 2031.
The company borrowed ¥2.500 billion from Sumitomo Mitsui Trust Bank on May 25, 2026, with a variable interest rate based on the three-month Japanese yen TIBOR plus 0.36%. The loan will be repaid in full upon maturity on May 25, 2031, five years later, without collateral or guarantee. Additionally, TOKYU REIT plans to repay a previous long-term borrowing of ¥3 billion made from Sumitomo Mitsui Trust Bank on May 25, 2022, which was due for repayment on May 25, 2026.
The funds for this repayment will come from the newly obtained loan and available cash reserves. Following the execution of these transactions, the total outstanding borrowings decreased from ¥94.00 billion to ¥93.50 billion, resulting in a net addition of ¥--¥500 million. The company's liabilities now stand at ¥93.50 billion compared to ¥94.00 billion previously, with a favorable shift in the total interest-bearing debt to ¥104.5 billion from ¥105.0 billion.
No significant changes have occurred in the investment risks associated with these borrowings since the latest securities report filed on April 24, 2026.
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