3 stories mentioning TYO:8957Updated just now
Every FINWIRES story that references TYO:8957, newest first.
Tokyu REIT (TYO:8957) investment management company Tokyu Real Estate Investment Management decided to acquire a rental apartment building for 2.2 billion yen in Japan.The REIT said Monday the purchase of Stylio Shin-Maruko Ekimae in Kanagawa will be completed Oct. 13.The 12-story building has a total of 42 end tenants with a total monthly rental income of 7 million yen.
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.
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.
