Mitsubishi Estate Logistics REIT Refinances 1.21 Billion Yen in Long-Term Borrowings

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Mitsubishi Estate Logistics REIT Investment (TYO:3481) will borrow 1.21 billion yen in long-term loans to repay existing borrowings of the same amount.

The new loan comprises 710 million yen from MUFG Bank and 500 million yen from SBI Shinsei Bank as a green loan, according to a Tokyo bourse filing on Thursday.

The new borrowings carry a floating rate of the base interest rate plus 0.2650% and mature on Sept. 14, 2028.

The SBI Shinsei portion is designated as a green loan allocated to repayment of borrowings for the acquisition of Logicross Atsugi and Logicross Kobe Sanda.

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