KDX Realty Investment to Borrow 25.3 Billion Yen to Repay Debt, Redeem Bonds

MT Newswires Live10-26 16:42

KDX Realty Investment (TYO:8972) will undertake 25.3 billion yen in debt financing across multiple series, with drawdown on Oct. 30, according to a Tokyo bourse filing on Monday.

Proceeds will be used to repay existing borrowings maturing Oct. 30, and redeem the former Kenedix Retail REIT 2nd Series unsecured investment corporation bonds due the same day.

The lenders include Mizuho Trust & Banking, Resona Bank, MUFG Bank, Sumitomo Mitsui Trust Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation, The Norinchukin Bank, Development Bank of Japan and The Keiyo Bank.

Most tranches carry floating rates based on JPY TIBOR plus spreads of 0.125% to 0.200%, with maturities between October 2027 and October 2031.

Several series will be procured as green loans under the REIT's Sustainability Finance Framework.

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