KB STAR REIT Decides to Borrow 20 Billion KRW to Refinance Existing Short-Term Bonds

KB STAR REIT decided to borrow a total of 20 billion KRW from Shinhan Capital and IBK Capital at a fixed annual rate of 5.4% for two years to refinance its 7th electronic short-term bonds upon maturity.
The funds will be used solely to repay existing short-term bonds maturing on April 21, with no new capital inflow, making this a pure refinancing event.
As collateral, the company will pledge 100% of its equity securities in KBS Multi Asset No.1 Trust Management Real Estate Investment Company, with a maximum bond amount of 120% of the loan agreement.
This borrowing is a preemptive measure to address existing debt maturity before the paid-in capital increase, and it does not involve new fundraising or investment purposes.
[AI Summary]This disclosure pertains to a routine refinancing of existing debt due to maturity, with no new borrowing or capital structure change, thus the impact on shareholder value is neutral. The loan terms are at market rates, and the financial burden remains largely unchanged.