Advance Residence Investment (JP:3269) has released an update.
Advance Residence Investment Corporation has announced a strategic move for debt financing to repay an existing loan due on September 30, 2024. The company will borrow 1,850 million yen from the Development Bank of Japan with an unfixed interest rate, to be repaid in full after five years. This refinancing is part of ADR’s commitment to maintaining financial stability and long-term dividend security for its investors.
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