Asia
Yokorei to Refinance 10 Billion Yen Debt with New Subordinated Loan
Yokorei (TYO:2874) will raise 10 billion yen through a new subordinated loan to repay an existing subordinated loan raised in 2021 ahead of schedule, according to a Monday filing on the Tokyo Stock Exchange.The cold-storage logistics firm said that the new loan is expected to be executed on Sept. 25 and will mature in 35 years.The new loan is aimed at maintaining a sound financial base, capital efficiency, and the diversification of funding methods.
TYO:2874
