TOKYU REIT (JP:8957) has released an update.
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TOKYU REIT, Inc. has announced short-term debt financing totaling ¥7 billion to partially fund the acquisition of the Tokyu Bancho Building and related expenses. The unsecured debt, facilitated through commitment line agreements with three major banks, is set for a lump-sum repayment by October 2024. This financial move increases the company’s total interest-bearing debt to ¥111.5 billion.
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