3 stories mentioning TYO:8967Updated 23d ago
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Japan Logistics Fund (TYO:8967) has secured 5.5 billion yen in new loans from MUFG Bank to refinance maturing debt, according to its Tokyo bourse filing on Wednesday.The 2.5 billion yen loan carries JBA three-month JPY TIBOR plus 0.33%, matures in August 2033, while the 3 billion yen loan carries JBA one-month JPY TIBOR plus 0.36375% and matures in September 2034, it said.
Japan Logistics Fund (TYO:8967) has secured a total of 1 billion yen in short-term loans from three banks to partially fund its acquisition of the Narita Logistics Center, according to a Tokyo bourse filing on Thursday.The new facilities include a 600 million yen loan from Sumitomo Mitsui Trust Bank and another 200 million yen from MUFG Bank. Both loans carry BA 1-month JPY TIBOR plus 0.260% interest.Separately, Sumitomo Mitsui Banking Corp. will lend the REIT 200 million yen at a JBA 1-month JPY TIBOR plus 0.250% interest.Following the borrowing, the REIT's total interest-bearing debt will increase to 124.7 billion yen from 123.7 billion yen.
Mitsui & Co., Logistics Partners, the asset manager of Japan Logistics Fund (TYO:8967), has resolved to change the REIT's asset management guideline, effective April 23.The changes aim to expand the REIT's investment opportunities by adding new asset classes to its real estate-related assets, including limited partnership interests in investment businesses that primarily invest in real estate-type assets, as well as monetary claims.Correspondingly, the revised guideline will update the REIT's portfolio construction policy and introduce new provisions for confirming matters related to the acquisition of these expanded asset types.The change is subject to shareholder approval of partial amendments to the Articles of Incorporation at the 16th general unitholders' meeting on that same day, according to a Tokyo bourse filing on Monday.
