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Hankyu Hanshin REIT Secures 3.37 Billion Yen in New Loans

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Hankyu Hanshin REIT (TYO:8977) has secured 3.37 billion yen in new loans from four banks to refinance maturing debt, according to its Tokyo bourse filing on Tuesday.

The loans will be secured from Sumitomo Mitsui Financial Group (TYO:8316) subsidiary Sumitomo Mitsui Banking Corporation, Mizuho Financial Group's (TYO:8411) Mizuho Bank, Mizuho Trust & Banking, and The Senshu Ikeda Bank, the filing said.

The debt financing carries a variable interest rate of JBA 1-month Japanese Yen TIBOR plus 0.15%, with drawdown scheduled for Sept. 9, 2026, and maturity on Aug. 31, 2027, it said.

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