GLP J-REIT (TYO:3281) has secured new loans totalling 2.52 billion yen to refinance outstanding debt from a syndicate of lenders, arranged by Sumitomo Mitsui Banking Corp. and MUFG Bank.
The existing loan of a similar amount of 2.52 billion yen, which had an interest rate of 0.263% and was due for lump-sum repayment on May 29, according to its Tokyo bourse filing on Wednesday.
The financial impact of this refinancing has already been incorporated into GLP J-REIT's earnings forecasts for the fiscal periods ending August 2025 and February 2026, with no changes to the previous outlook.
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