Mitsubishi Estate Logistics REIT Investment (TYO:3481) said it will prepay 370 million yen of a short-term bank loan on Dec. 22, using cash on hand, according to a Thursday filing on the Tokyo Stock Exchange.
The loan, provided by Mizuho Bank, carries a floating interest rate and was originally due to mature in April 2026. Following the prepayment, the REIT's total borrowings will decline to 117.85 billion yen.
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