ORIX JREIT Inc. secured two loans totaling ¥5.00 billion to repay the same amount of unsecured bonds due Feb. 8.
Sumitomo Mitsui Trust Bank Ltd. provided ¥3.00 billion, while Sumitomo Mitsui Banking Corp. lent ¥2.00 billion.
Interest rates for both loans were set at one-month Japanese yen Tokyo Interbank Offered Rate plus 0.15%.
The two loans, which will mature Feb. 22, 2021, will be drawn down Feb 8.
As of Feb. 5, US$1 was equivalent to ¥110.10.
