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Japan Prime Realty Investment Secures 4.5 Billion Yen Green Loan to Refinance Debt

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Japan Prime Realty Investment (TYO:8955) has entered into green loan agreements totalling 4.5 billion yen with Sumitomo Mitsui Banking, The Minato Bank, and The Kiyo Bank, to repay an existing debt, according to a Tokyo bourse filing on Wednesday.

The loans are unsecured and non-guaranteed, with repayment dates ranging from 2033 to 2035, and interest rates tied to the 1-month JBA Japanese Yen TIBOR plus a spread.

The proceeds will be used to repay short-term borrowings of 4.5 billion yen, and the green loans are specifically linked to the acquisition of Grand Front Osaka, an eligible green asset.

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