trending Market Intelligence /marketintelligence/en/news-insights/trending/82ssf3x_ys0dblm9bjbciq2 content esgSubNav
In This List

Nippon Prologis renews ¥20B commitment line

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Nippon Prologis renews ¥20B commitment line

Nippon Prologis REIT Inc. amended its agreement for a ¥20 billion commitment line, established Feb. 12, 2013, to extend the term until Feb. 28, 2020, from the previously decided Feb. 19, 2018.

Under the new commitment line contract, Mizuho Bank Ltd. will provide funds alongside existing commitment providers Sumitomo Mitsui Banking Corp. and The Bank of Tokyo-Mitsubishi UFJ Ltd.

Funds from the commitment line can be used for the repayment of debt, acquisition of properties and to refund tenant leasehold and security deposits.

As of Feb. 14, US$1 was equivalent to ¥106.98.