Tokyu REIT, Inc. Announces Long-Term Debt Financing (Green Loan)
January 19, 2023 at 01:00 am EST
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TOKYU REIT, Inc. announced its decision to undertake debt financing (Green Loan). Brief details are as follows: Debt Financing Rationale: TOKYU REIT will undertake debt financing for the procurement of part of funds for acquisition of Futako Tamagawa Rise, which will be acquired on January 31, 2023. As Futako Tamagawa Rise is a specific asset fulfilling the green eligibility criteria of the green finance framework formulated in July 2022, the long-term debt is scheduled to be financed with green loan. Details of Debt Financing: Classification Long-Term Debt (Green Loan). Lender: Syndicate of lenders arranged by MUFG Bank Ltd. Debt Financing Amount: ¥5,000 million.
Interest Rate: Yet to be determined. Repayment Method Lump-sum repayment on maturity. Drawdown Date: January 30, 2023. Maturity Date: January 30, 2030. Period: 7 years. Collateral: Unsecured, unguaranteed.
TOKYU REIT, Inc. is a Japan-based real estate investment trust (REIT) company. It aims to achieve sustainable growth in assets and stable earnings from mid- to long-term perspectives. The Company invests mainly in real estate properties, including office buildings and commercial facilities. The Company focuses on investments in the five areas of central Tokyo and the areas along the Tokyu railroad. Itâs property portfolio mainly includes Setagaya Business Square, QFRONT, cocoti, Tokyu Ikejiri-ohashi Building, Kojimachi Square, TOKYU REIT Shinjuku Building, TOKYU REIT Toranomon Building, Akasaka 4-chome Building, TOKYU REIT Shibuya R Building and Akihabara Sanwa Toyo Building. The asset manager of the Fund is Tokyu Real Estate Investment Management Inc.
TOKYU REIT, INC. 
