Hoshino Resorts REIT, Inc.
Notice Regarding Borrowings (Refinancing Including Sustainability Loans and Green Loans), Interest Rate Swap Transactions and Establishment of Sustainability Derivatives
Executed new borrowings totaling 7,150 million yen including sustainability loans and green loans. The borrowings are made under the Sustainability Finance Framework and Green Finance Framework and will be allocated to repayment of existing borrowings. Interest rate swaps are intended to achieve effective fixed rates through sustainability derivatives. Will continue to promote ESG financing.
Key Figures
- 7,150,000,000 yen: Amount of funds to be procured
- Target contract numbers: 0164, 0165, 0166-A, 0166-B, 0167, 0168, B-004
- Final maturity date after 2034 (see individual contracts)
AI要約
Overview of Fundraising
The investment corporation will execute borrowings including sustainability loans and green loans to raise a total of 7,150 million yen. The borrowings will be allocated to principal repayment of existing borrowings. The sustainability loan under contract number 0165, together with the sustainability derivatives, will be used as repayment funds for multiple borrowings including 0164/0166-B/0167/0168/B-004. Interest rate swap transactions will be linked with the sustainability derivatives to aim for an effective fixed interest rate.
Future Capital Policy and Financial Impact
This borrowing aims to strengthen ESG financing and stabilize the funding base, and is expected to increase the outstanding balance of sustainable finance. Because it will be allocated to refinancing existing borrowings, cash flow stabilization is anticipated. In the long term, hedging effects against interest rate risk are also expected, contributing to improved transparency in green and sustainability-related financial management.
Hoshino Resorts REIT, Inc.
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