GLP J-REIT
Notice Regarding Determination of Interest Rate on Borrowings
GLP Investment Corporation has determined the interest rate on a borrowing of JPY 1,500 million from Mizuho Bank, Ltd. to be the base rate plus 0.241%, scheduled to be executed on February 27, 2026.
Key Figures
- Borrowing Amount: JPY 1,500 million (from Mizuho Bank, Ltd.)
- Borrowing Execution Date: 2026-02-27
- Fixed Interest Rate After Fixing: Total 2.051% (Fixed pay interest rate 1.810% + Spread 0.241%)
AI要約
Overview of Borrowing Interest Rate Determination
GLP Investment Corporation has determined the interest rate on a portion of its financing announced on November 25, 2025, borrowing JPY 1,500 million from Mizuho Bank, Ltd. The borrowing interest rate is set at the base rate plus 0.241%, scheduled for execution on February 27, 2026. The repayment maturity date is August 31, 2033, with lump-sum repayment at maturity, unsecured and unguaranteed borrowing. Furthermore, through an interest rate swap agreement, the interest rate from the execution date onward is fixed at a total of 2.051%, composed of a fixed pay interest rate of 1.810% plus a spread of 0.241%.
Impact and Risks for Investors
There is no change to the repayment risk related to this borrowing as described under “Investment Risks” in the securities report submitted on November 27, 2025. Interest payments are made monthly at month-end and on the maturity date. The base rate is calculated using the Zengin System Japanese Yen TIBOR. Investors should monitor trends in funding costs based on the decision of this borrowing interest rate.
