ORIX JREIT (TYO:8954) will borrow 12 billion yen in floating-rate loans from eight regional banks on July 21, with maturities ranging from 2031 to 2035 and interest margins of 0.16% to 0.22% over TIBOR.
The proceeds will be used to prepay nearly half of the 23 billion yen in existing loans to Sumitomo Mitsui Trust Bank and MUFG Bank, originally borrowed between November 2025 and June 2026, according to a Tokyo bourse filing on Monday.
Following the transactions, total interest-bearing liabilities remain unchanged at 358.7 billion yen, as short-term debt declines by 12 billion yen while long-term debt rises by the same amount.
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