Kasumigaseki Hotel REIT Investment Corporation [401A.T]
TOKYO, Apr 15 (Pulse News Wire) – Kasumigaseki Hotel REIT Investment Corporation (401A.T) announced today its decision to prepay a loan ahead of schedule. The prepaid loan was a short-term consumption tax loan taken from Mizuho Bank on August 12, 2025, amounting to ¥2.433 billion.
The interest rate was based on the average monthly Japanese yen TIBOR plus 0.25% percentage points. The prepayment is scheduled for April 30, 2026, utilizing funds including a refund of consumption taxes paid on the purchase of assets acquired on August 14, 2025. The impact of this early repayment is expected to be minor, with no changes anticipated in the projected operating conditions for the fiscal years ending July 2026 and January 2027. --- In addition to the prepayment, the company's borrowing situation post-prepayment shows a reduction in total debt.
Specifically, short-term borrowings decreased from 2,136 million yen to 2,136 million yen, while long-term borrowings remained unchanged at 20,500 million yen. As a result, the overall debt load dropped by 2,433 million yen, from 25,069 million yen to 22,636 million yen. For more detailed performance forecasts, investors should refer to the interim report released on March 19, 2026. There have been no significant changes to the risks associated with this prepayment, as outlined in the securities filing submitted on July 09, 2025.
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