AEON REIT outlines replacement three-year green loan for October

Chicago, Sept. 29 – AEON REIT Investment Corp. outlined some of the terms for a debt financing for ¥3.3 billion, which is scheduled to be borrowed on Oct. 20, according to a notice.

The new loan will be used to repay ¥20.8 billion of borrowings due on Oct. 20.

The expected lender for an unsecured loan with a bullet repayment is Sumitomo Mitsui Trust Bank, Ltd.

The maturity date of the loan would be Oct. 20, 2025.

The funds are being raised through a jointly operated specified money trust (AEON Reit Green Trust) formed by Sumitomo Mitsui Trust Bank.

The program is expected to attract ESG investors.

The trust is in compliance with green bond principles.

All funds procured through the debt refinancing will be used as refinancing funds for the amount borrowed to acquire AEON MALL Kofu Showa (an existing building) and AEON MALL Kagoshima, which are green qualified assets.

AEON is a real estate investment trust based in Tokyo.

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