Frontier Real Estate Investment (TYO:8964) has decided to increase its commitment line agreement with Mizuho Bank, raising the maximum loan amount from to 2.5 billion yen from 1.5 billion yen.
The adjustment, effective July 24, is designed to ensure the continuous security of stable financial grounds for asset acquisitions and to mitigate refinancing risks, according to a Tokyo bourse filing on Monday.
Following this change, the REIT's total maximum loan amount across its various unsecured and unguaranteed commitment line agreements will reach 20 billion yen.
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