Japan Hotel REIT Investment Corporation
Notice Regarding Execution of Interest Rate Swap Agreement
Japan Hotel REIT Investment Corporation has entered into an interest rate swap agreement with a fixed payment interest rate of 2.03250% on Term Loan 129 (JPY 10,000 million), effective from March 13, 2026, to March 29, 2030, raising the fixed interest ratio of interest-bearing debt to approximately 75%.
Key Figures
- Notional Principal: JPY 10,000 million (Term Loan 129)
- Fixed Payment Interest Rate: 2.03250%
- Contract Period: 2026-03-13 to 2030-03-29
AI要約
Overview of the Interest Rate Swap Agreement
Japan Hotel REIT Investment Corporation entered into an interest rate swap agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd. on February 25, 2026, concerning the newly procured Term Loan 129 of JPY 10,000 million. The agreement has a fixed payment interest rate of 2.03250% and a floating receipt interest rate based on the Japanese Yen 1-month TIBOR set by JBA. The contract period spans from March 13, 2026, to March 29, 2030, effectively fixing the borrowing interest rate of Term Loan 129 at 2.38250%.
Fixed Interest Ratio and Risk Management
With the execution of this swap agreement, the fixed interest ratio of total interest-bearing debt is estimated to be approximately 75%. There are no significant changes concerning borrowing risks from the investment risks described in the securities registration statement filed on February 25, 2026. The investment corporation utilizes this agreement to mitigate interest rate fluctuation risks.
