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United Urban secures ¥12B commitment line

United Urban Investment Corp. secured a new commitment line of up to ¥12.00 billion as its existing commitment line of the same value nears its Dec. 25 expiration date.

The new commitment line, agreed with Sumitomo Mitsui Banking Corp., Mitsubishi UFJ Trust and Banking Corp., Mizuho Trust & Banking Co. Ltd. and Resona Bank Ltd., will be available from Dec. 26 to Dec. 25, 2018.

The company will now have two commitment lines with a maximum loan amount of ¥36.00 billion.

As of Dec. 20, US$1 was equivalent to about ¥113.32.