Daiwa House REIT Investment (TYO:8984) will borrow 14 billion yen to refinance maturing loans, keeping total debt unchanged, according to a Thursday filing on the Tokyo Stock Exchange.
The financing comprises long-term loans with maturities ranging from 3.5 to 8 years, including a 10 billion yen tranche priced at a spread over yen TIBOR.
Proceeds will be used to repay existing loans due April 30, 2026.
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