6 stories mentioning TYO:8976Updated 16d ago
Every FINWIRES story that references TYO:8976, newest first.
Daiwa Office Investment (TYO:8976) repurchased 4,483 shares worth 1.49 billion yen from July 21 to Aug. 24, according to a Tuesday filing on the Tokyo Stock Exchange.Out of this, 2,284 units were acquired in August for 748.1 million yen, the filing said.
Daiwa Office Investment (TYO:8976) has secured 6.5 billion yen in new loans from five banks to refinance maturing debt, according to its Tokyo bourse filing on Tuesday.The loans will be secured from Sumitomo Mitsui Financial Group (TYO:8316) subsidiary Sumitomo Mitsui Banking Corporation, Mizuho Financial Group's (TYO:8411) Mizuho Bank, MUFG Bank, The Yamaguchi Bank, and Kansai Mirai Bank.The funds will be used to repay an equivalent amount of borrowings originally taken out in 2016, 2017, and 2019, and due on Aug. 31, 2026.
Daiwa Office Investment Corporation's (TYO:8976) has requested Rating and Investment Information Inc. withdraw its assigned AA- issuer rating following a cost-benefit review, according to a Tokyo bourse filing Friday.The AA long-term issuer rating by Japan Credit Rating Agency with a stable outlook is expected to remain effective.
Daiwa Office Investment Corporation's (TYO:8976) board approved a four-for-one investment unit split to improve accessibility for investors, thereby enhancing the liquidity of investment units, according to a Friday filing with the Tokyo bourse.Following the split, the REIT's outstanding investment units will increase to 3.74 million from 934,745, while the total number of investment units authorized will jump to 16 million, the filing said.The four-for-one investment unit split will take effect on Dec. 1, for unitholders of record as of Nov. 30.
Daiwa Office Investment (TYO:8976) said it signed a commitment line agreement with Daiwa Next Bank, securing 3 billion yen for future funding needs while strengthening its financial base, according to a Friday release.The Tokyo-listed company said the unsecured and unguaranteed commitment line will be available from July 31, 2026, through July 30, 2027, replacing an existing 3 billion yen commitment line expiring on July 31.The proceeds will be used for acquisitions of new property and existing debt repayments.
Daiwa Office Investment (TYO:8976) said its board agreed to repurchase up to 7,000 of its own investment units for 1.5 billion yen, according to a Friday release.The Tokyo-listed company said that the acquisition will improve and enhance its capital efficiency and boost returns for unitholders, and the buyback represents 0.75% of its outstanding investment units, excluding treasury units.The repurchases will be conducted through market purchases on the Tokyo Stock Exchange between July 21 and Nov. 12 under a discretionary agreement.
