Hoshino Resorts REIT, Inc.
Notice of Conclusion of Interest Rate Swap Agreement
Concluded an interest rate swap agreement with Sumitomo Mitsui Banking Corporation in connection with borrowings tied to a sustainability derivative. Fixed pay rate of 2.293% is effectively fixed at 2.543% linked to the reference rate; payments are due on the last day of each month and the final repayment date, with the first payment on 2026-11-30. Impact on operating results is expected to be minor.
Key Figures
- Notional Principal: 950 million yen
- Fixed Pay Rate: 2.293%
- Effective Fixed Rate: 2.543%
AI要約
Agreement Overview
Hoshino Resorts REIT, Inc. has entered into an interest rate swap agreement as part of borrowings that include a sustainability derivative. The subject agreement is Contract No. 0165 with Sumitomo Mitsui Banking Corporation. The notional principal is 950 million yen, the fixed pay rate is 2.293%, and the receive leg is set as a floating rate linked to the reference rate (Zengin Association 1-month Japanese Yen TIBOR). The contract period is from 2026-10-30 to 2029-10-31, and the effective fixed rate is 2.543%.
Future Impact and Outlook
The purpose of this agreement is to hedge against interest rate increase risk, and the Company expects the impact on operating results to be minor. There are no changes to the forecasts for the fiscal year ending October 2026 or for 2027 operational expectations.
Hoshino Resorts REIT, Inc.
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