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ORIX JREIT Secures 10.2 Billion Yen in Mixed-Rate Debt Financing

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ORIX JREIT (TYO:8954) has secured 10.2 billion yen in new loans from six lenders, with drawdown scheduled for June 22, to refinance existing long-term debt, according to a Tokyo bourse filing on Thursday.

The borrowing includes floating-rate loans tied to JBA TIBOR plus spreads of 0.15% to 0.29%, and fixed-rate facilities at 1.74% and 1.82%, with maturities ranging from one year to ten years.

Of the six loans, one totalling 2 billion yen from SBI Shinsei Bank is designated as a Green Loan to refinance funding for eligible green assets under the REIT's Green Finance Framework.

Meanwhile, Sumitomo Mitsui Trust Bank provided 1 billion yen, MUFG Bank 1 billion yen, Development Bank of Japan 2 billion yen, Tokio Marine & Nichido Fire Insurance 1 billion yen and Sumitomo Mitsui

Banking 3.2 billion yen.

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