Japan Prime Realty Investment Corp. renewed its ¥8.00 billion commitment line of credit that is set to mature May 31, with ¥4.00 billion each from Mizuho Trust & Banking Co. Ltd. and Resona Bank Ltd.
Under the renewal contract, both lenders agreed to provide up to ¥4.00 billion, with a maturity date of May 31, 2019.
The two loans are part of Japan Prime's ¥24 billion commitment line of credit.
The Tokyo-based real estate investment trust said in a release that the renewal ensures flexible and stable fund procurement.
As of May 23, US$1 was equivalent to ¥110.03.
