TYO:8957

2 stories mentioning TYO:8957Updated just now

Every FINWIRES story that references TYO:8957, newest first.

Tokyu REIT Extends 8 Billion Yen Commitment Line with Development Bank of Japan for One More Year

Tokyu REIT (TYO:8957) has amended its commitment line agreement with Development Bank of Japan, extending the commitment period by one year from July 2, 2026 to July 1, 2027, according to a Tokyo bourse filing on Wednesday.The unsecured facility remains at 8 billion yen and is intended to enhance liquidity and secure investment opportunities, with funds to be used for debt repayment and property acquisitions.The amendment follows similar commitment line agreements previously arranged with Sumitomo Mitsui Trust Bank, MUFG Bank, and Mizuho Bank, though no borrowings have been drawn under those facilities.

TYO:8957

Asia34d ago

Tokyu REIT Secures 2.5 Billion Loan to Repay Debt

Tokyu REIT (TYO:8957) secured a long-term debt financing of 2.5 billion yen from Sumitomo Mitsui Trust Bank to repay long-term debt maturing on May 25, according to a Tokyo bourse filing on Thursday.The new loan carries a floating interest rate of JBA three-month Japanese Yen TIBOR plus 0.36%, with a maturity date of May 25, 2031.The existing 3 billion yen fixed-rate loan at 0.62630%, drawn on May 25, 2022, will be fully repaid on its maturity date using the new financing and cash on hand.Following the transaction, total interest-bearing debt will decrease by 500 million yen to 104.5 billion yen, with long-term debt settling at 93.5 billion yen from 94 billion yen.

TYO:8957

Track with the FINWIRES app suite

FolioX

Track TYO:8957 in your portfolio

WheelAI

Analyze TYO:8957 options with the wheel strategy

StockInsider

See market sentiment on TYO:8957