Japan Excellent (TYO:8987) has secured a 2 billion yen loan from Mizuho Bank, according to a Tokyo bourse filing on Tuesday.
The loan carries a floating interest rate based on the JBA one-month yen TIBOR plus 0.200%.
The facility has a one-year borrowing period, with drawdown scheduled on Oct. 26.
The REIT will use the proceeds to redeem 2 billion yen in investment corporation bonds due on Oct. 27.
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