Invincible Investment debt refinancing includes green loan

Chicago, March 12 – Invincible Investment Corp.’s ¥7.114 billion of new loan arrangements include ¥1.029 billion of borrowings in the form of a new six-year green loan due March 14, 2030, according to a notice.

Interest will be at Tibor plus 60 basis points.

The lenders are Mizuho Bank, Ltd., MUFG Bank, Ltd. Sumitomo Mitsui Trust Bank, Ltd. and Development Bank of Japan Inc.

The agreement date is March 12 with an anticipated borrowing date of March 14.

Proceeds will be used to repay borrowings for the acquisition of Hotel Epinard Nasu, a green building which satisfies eligible criteria under the trust’s green finance framework.

Based in Tokyo, Invincible is a real estate investment trust that invests primarily in hotels and residential assets.

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