trending Market Intelligence /marketintelligence/en/news-insights/trending/GitY0VUag1pIBgSR3QpHDg2 content esgSubNav
In This List

Activia Properties secures ¥12B commitment line


Japan M&A By the Numbers: Q4 2023

Case Study

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


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


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

Activia Properties secures ¥12B commitment line

Activia Properties Inc. inked a ¥12 billion commitment line agreement with Sumitomo Mitsui Trust Bank Ltd., Mitsubishi UFJ Trust and Banking Corp., Mizuho Bank Ltd. and The Bank of Tokyo-Mitsubishi UFJ Ltd, ahead of the June 12 termination date of its existing commitment line of the same value and with the same banks.

The new commitment line will be divided equally between the four lenders, with whom the company already has a ¥8 billion commitment line agreement.

The company has also secured a ¥12 billion credit line, on a noncommitment basis, with the same banks to replace an existing credit line of the same value that is due to end June 12.

The terms of both agreements will run to June 12, 2018, from June 13, and proceeds will be used to finance future property acquisitions.

As of June 7, US$1 was equivalent to ¥109.34.