Japan Hotel REIT Investment Corporation
Notice Regarding Conclusion of Interest Rate Swap Agreements
Japan Hotel REIT Investment Corporation has entered into interest rate swap agreements on Term Loan 131 (JPY 4,100 million, fixed interest rate 2.25175%) and Term Loan 132 (JPY 10,900 million, fixed interest rate 2.43875%), raising the fixed interest ratio of interest-bearing debt to approximately 78%.
Key Figures
- Term Loan 131 Notional Principal: JPY 4,100 million (Fixed Interest Payment Rate 2.25175%)
- Term Loan 132 Notional Principal: JPY 10,900 million (Fixed Interest Payment Rate 2.43875%)
- Fixed Interest Ratio to Total Interest-Bearing Debt: Approximately 78%
AI要約
Overview of Interest Rate Swap Agreements
Japan Hotel REIT Investment Corporation, in relation to the financing announced on March 24, 2026, entered into two interest rate swap agreements with Mitsubishi UFJ Bank, Ltd. Term Loan 131 (JPY 4,100 million) carries a fixed payment rate of 2.25175% with a floating receipt rate indexed to the Zengin Association 1-month Japanese Yen TIBOR, and the contract term runs from March 31, 2026 to March 31, 2031. Term Loan 132 (JPY 10,900 million) carries a fixed payment rate of 2.43875% with the same floating receipt rate, and the contract term runs from March 31, 2026 to March 31, 2033. As a result, the borrowing interest rates for both loans are effectively fixed at 2.65175% and 2.93875%, respectively.
Impact and Risks for Investors
The conclusion of these swap agreements is expected to raise the fixed interest ratio of total interest-bearing debt to approximately 78%, thereby reducing interest rate fluctuation risk. There are no material changes to the risk related to this borrowing from those described under “Investment Risks” in the securities report submitted on March 24, 2026.
Japan Hotel REIT Investment Corporation
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