Mitsubishi Estate Logistics REIT Investment Corp. (JP:3481) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Mitsubishi Estate Logistics REIT Investment Corporation (MEL) has secured new long-term debt financing totaling 2,500 million yen from The Shinkumi Federation Bank and The Norinchukin Bank, with variable interest rates based on TIBOR. The funds will be used to repay existing debt due on October 9, 2024, maintaining the same overall debt balance. No collateral is required for the new unsecured loans, which are set to mature in 2029 and 2033 respectively.
For further insights into JP:3481 stock, check out TipRanks’ Stock Analysis page.