SOSiLA Logistics REIT (TYO:2979) has finalized the rates for 9.1 billion yen in long-term debt financing, consisting of three loans from a consortium of major Japanese banks.
The largest portion, 5.6 billion yen, will carry an interest rate of the base rate plus 0.140%, while a 3.0 billion yen loan is set at base rate plus 0.090%.
A separate 500 million yen loan from the Development Bank of Japan has a fixed interest rate of 1.7425%.
The REIT has also entered into interest rate swap agreements with Mizuho Bank to effectively fix the rates on the two largest loans at 1.8330% and 1.6570%, respectively, for their terms.
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