Hoshino Resorts REIT,Inc. [3287.T]
TOKYO, Apr 21 (Pulse News Wire) – Hoshino Resorts Reit,inc. (3287.T) entered into interest rate swap agreements related to its previous loan refinancing disclosed on April 16.
The swaps involve two contracts with Mitsubishi UFJ Financial Group and Mizuho Bank, fixing rates at 730 basis points and 700 basis points respectively until April 30, 2031 and April 28, 2033. Payments begin on May 29, 2026.
Under the agreements, the effective interest rates for contract numbers 162 and 163-A will be fixed at 2.595% and 3.011%. Further details on the loans and rationale behind the swaps can be found in the April 16 press release.
Looking ahead, the company expects minimal impact on performance for the fiscal quarters ending April 30, 2026, and October 31, 2026, with no changes to projected operational conditions.
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