Subsidiary Partially Repays Loan and Extends Maturity by One Year
ESR Kendall Square Asset No.2 REIT (owner of Icheon 7 Logistics Center) repaid KRW 15.6 billion of its existing KRW 72.6 billion secured loan and extended the maturity of the remaining KRW 57 billion to May 10, 2027.
Interest rate for the extension period is floating at CD (base rate) + 1.50%.
Loan purpose is for asset acquisition payment (Icheon 7 Logistics Center), and the loan-to-equity ratio is 15.1%.
The agenda was approved at the subsidiary's shareholders' meeting held on May 4, 2026.