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FINWIRES

Japan Prime Realty Investment Secures 3 Billion Yen to Repay Maturing Debt

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Japan Prime Realty Investment (TYO:8955) is borrowing 3 billion yen from The Nishi-Nippon City Bank, with the drawdown scheduled for May 27, according to a Tokyo bourse filing on Monday.

The borrowing consists of three separate unsecured, non-guaranteed loans of 1 billion yen each, bearing fixed interest rates of 2.54%, 2.37375%, and 2.1975%, respectively, with maturities ranging from 2031 to 2033.

The funds will be used to fully repay a long-term borrowing of 3 billion yen that comes due on May 27.

After the transaction, the REIT's total interest-bearing debt will remain unchanged at 243 billion yen, with no changes to the investment risks previously disclosed.

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