Activia Properties Refinances 5 Billion Yen Long-Term Borrowing with New Loan
Activia Properties (TYO:3279) is borrowing 5 billion yen from a syndicate of five lenders to repay an existing long-term debt of the same amount maturing Sept. 7.The new loan carries an interest rate of 0.2325% plus the JBA one-month Japanese Yen TIBOR, with a drawdown date of Sept. 7, 2026, and a maturity date of March 7, 2034.The five lenders are Mizuho Trust & Banking Co., Resona Bank, The Bank of Fukuoka, Daishi Hokuetsu Bank, and The Joyo Bank, according to a Tokyo bourse filing on Monday.