TOKYO, May 08 (Pulse News Wire) – TOKYU REIT, Inc. (8957.T) secured a green loan of ¥1.200 billion from Mizuho Bank on May 12, 2026 to refinance the acquisition of Akasaka Fourchome Building, replacing the Meguro Higashiyama Building.
The loan carries a variable interest rate based on the average of the Tokyo Interbank Offered Rate (TIBOR) plus 0.42%. It will be repaid in full on May 12, 2034. Additionally, the company plans to repay a previous long-term loan of ¥1.700 billion borrowed from Mizuho Bank on 2018 November 12, which was due on 2026 May 12. The repayment will utilize funds from the newly obtained green loan and existing cash reserves.
Following the execution of these transactions, the total long-term debt decreased from ¥94.50 billion to ¥94.00 billion, resulting in a net increase of --¥500 million. The overall liabilities also saw a corresponding fall from ¥94.50 billion to ¥94.00 billion, with a net addition of --¥500 million. The investment trust bonds remained unchanged at ¥11.00 billion, while the total interest-bearing liabilities fell from ¥105.5 billion to ¥105.0 billion, marking a net growth of --¥500 million. No changes were reported in the risk profile associated with these borrowings, according to the latest securities report filed on April 24, 2026.
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