Brief: Hulic Reit to acquire properties for 25.23 bln yen and to take out loan of 18.5 bln yen and to issue new units
12/10/2018 07:35
Oct 12(Reuters) - Hulic Reit Inc 3295.T
* Says it will acquire Tokyo-based real estate properties
for
25.23 billion yen, on Oct. 16 and Nov. 1
* Says it will take out a loan of 18.5 billion yen on Oct.
16,
with interest rate of one-month TIBOR (Tokyo Inter Bank Offered
Rate)+ 0.25 percent and maturity on Aug. 30, 2019, to fund the
acquisition
* Says it will issue 134,200 new units through public
offering and
6,800 new units through private placement, to raise up to 21.9
billion yen, for property acquisition and loan repayment
Source text in Japanese:https://goo.gl/AB8wyB ;
https://goo.gl/4tKuQG ; https://goo.gl/bVBZ9h
Further company coverage: 3295.T
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