Comforia Residential REIT Secures 9.5 Billion Yen Loan to Repay Existing Debts

MT Newswires Live18:46

Comforia Residential REIT (TYO:3282) has secured a total of 9.5 billion yen financing through five new long-term loans from multiple lenders, according to a Tokyo bourse filing on Thursday.

The new borrowings include 5.4 billion yen designated as Positive Impact Finance, which consists of a 3 billion yen loan from The Bank of Iwate, The Oita Bank, The Musashino Bank, and another 2.4 billion yen from MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Trust Bank.

SBI Shinsei Bank is lending the REIT 1.5 billion yen, The Fukui Bank 500 million yen, and Shinkin Central Bank, The Norinchukin Bank, The Bank of Fukuoka, Mizuho Trust & Banking are providing 2.1 billion yen.

The new funds will be used to repay approximately 10.6 billion yen in existing loans, including short-term debt and maturing long-term loans originally drawn in 2019, 2024, and 2025.

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