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Invincible Investment Secures New 41.1 Billion Yen Loan to Refinance Debt

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Japanese real estate investment trust Invincible Investment (TYO:8963) secured 41.1 billion yen in new loan agreements to repay the same amount of existing borrowings, according to its Tokyo bourse filing on Tuesday.

The new loan, structured as a green loan, was borrowed from Mizuho Bank, MUFG Bank, Sumitomo Mitsui Trust Bank, Sumitomo Mitsui Banking Corporation, Aozora Bank (TYO:8304), and the Ogaki Kyoritsu Bank (TYO:8361).

The new financing comprises six unsecured syndicated loan tranches, which include three green loan tranches, with maturities in 2029 and 2031. The loans carry floating interest rates based on one-month JPY TIBOR plus spreads ranging from 0.250% to 0.450%, and are scheduled to be borrowed on July 16.

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