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Advance Residence Investment Secures 3.05 Billion Yen in Loans for Refinancing

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Advance Residence Investment (TYO:3269) said it will raise 3.05 billion yen in new loans to refinance existing debt and fund early repayments, according to a Monday filing on the Tokyo Stock Exchange.

The borrowing includes loans from Sumitomo Mitsui Banking Corporation and SBI Shinsei Bank, with maturities extending up to 2034. Proceeds will be used to repay maturing loans and prepay 1.5 billion yen in existing borrowings under a commitment line.

Following the refinancing, the REIT's total interest-bearing debt will remain unchanged at 245.2 billion yen.

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