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FINWIRES

GLP J-REIT Refinances 2.18 Billion Yen Debt Ahead of Maturity

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GLP J-REIT (TYO:3281) decided to refinance 2.18 billion of its existing borrowings due June 30, using new loans from Daishi Hokuetsu Bank and The Bank of Iwate.

The new borrowings, totalling 2.18 billion, will be drawn on June 30, 2026, with repayment set for June 2031 and June 2032, respectively, according to a Tokyo bourse filing on Wednesday.

The move is part of the company's plan to fix interest rates earlier amid a rising rate environment and to diversify funding sources with new lenders, it said.

The transaction's impact is already reflected in earnings forecasts for the fiscal period ending August.

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