Hoshino Resorts REIT, Inc.
Notice Regarding Conclusion of Interest Rate Swap Agreement
Hoshino Resort REIT, Inc. entered into interest rate swap agreements totaling 1,430 million yen with Mitsubishi UFJ Bank and Mizuho Bank, effectively fixing the interest rates at 2.595% and 3.011%.
Key Figures
- Notional Principal of Contract No. 0162: 730 million yen
- Notional Principal of Contract No. 0163-A: 700 million yen
- Effective Fixed Interest Rate: 2.595% (Contract No. 0162), 3.011% (Contract No. 0163-A)
AI要約
Details of the Interest Rate Swap Agreement
As part of its financing announced on April 16, 2026, Hoshino Resort REIT, Inc. entered into interest rate swap agreements with Mitsubishi UFJ Bank and Mizuho Bank. Contract No. 0162 has a notional principal of 730 million yen, and Contract No. 0163-A has 700 million yen. These agreements effectively fix the variable interest rates at 2.595% and 3.011%, respectively. The contract periods are from April 30, 2026, to April 30, 2031, and April 28, 2033, respectively. Payment dates start on May 29, 2026, and continue on the last day of each month and on the final repayment date.
Future Outlook
The impact of concluding these interest rate swap agreements on financial performance is minor, and there are no changes to the operational outlook for the fiscal periods ending April 2026 and October 2026. For details, please refer to the notice dated April 16, 2026, titled 'Notice Regarding Borrowings (Refinancing by Green Loans, etc.) and Interest Rate Swap Transactions.'
Hoshino Resort REIT, Inc.
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