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TYO:8987

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Asia

Japan Excellent Secures 2 Billion Yen Short-Term Loan to Fund Asset Acquisition

Japan Excellent (TYO:8987) has secured a 2 billion yen loan from Mizuho Bank to finance the acquisition of Bizcore Kanda-Sudacho, according to a Thursday Tokyo bourse filing.The loan carries a floating rate plus 0.200%, will be drawn down Sept. 29 and mature Mar. 29.The acquisition will serve as a replacement asset for the Daiba Garden City Building, which the REIT has decided to dispose of, the filing said.

TYO:8987
Asia

Japan Excellent to Repay 5 Billion Yen Loan Early Using Asset Sale Proceeds

Japan Excellent (TYO:8987) has decided to make an early repayment of 5 billion yen in borrowings on July 31, funded by proceeds from its transfer of Bizcore Akasaka-Mitsuke.The repayment covers two loans from Mizuho Bank, including a 2 billion yen facility originally due September 2026, and 3 billion yen of a 3.5 billion yen loan scheduled for February 2027.Both loans carry floating interest rates at TIBOR plus 0.200%, according to a Tokyo bourse filing on Wednesday.

TYO:8987
Asia

Japan Excellent to Issue 3 Billion Yen Green Bond to Refinance Short-Term Debt

Japan Excellent (TYO:8987) is issuing 3 billion yen in unsecured investment corporation bonds with an interest rate of 2.436% per annum and a maturity date of May 27, 2031.The bonds will be offered publicly with a payment date of May 27, and carry a rating of AA- from the Japan Credit Rating Agency.Proceeds from the issuance will be used, together with cash on hand, to make an early repayment of 3 billion yen of short-term borrowings due September.The bonds are being issued as green bonds under the REIT's Green Bond Framework as part of its proactive ESG financing strategy for properties that consider environmental and social aspects.

TYO:8987

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