Nippon Hotel & Residential Investment Corporation [3472.T]
TOKYO, May 26 (Pulse News Wire) – Nippon Hotel & Residential Investment Corporation (3472.T) announced today that it has decided to refinance existing debt through a long-term loan of ¥32.666 billion. The purpose of the refinancing is to repay a previous long-term borrowing of ¥290 billion due on May 31, 2026.
The new loan, led by Sumitomo Mitsui Banking Corporation and Mizuho Bank as co-arrangers, will be executed on May 29, 2026. Interest payments will begin in June 2026 and continue monthly until maturity, while principal repayment will commence in July 2026 and conclude on May 27, 2026. The interest rate is based on the average of the two-business-day prior TIBOR rates applicable to each interest calculation period, with a floor set at 0.05%.
Following the execution of the loan, the corporation's total indebtedness will stand at ¥32.666 billion, comprising solely long-term borrowings. The refinanced funds will ensure timely repayment of the earlier borrowed amount without affecting its operational liquidity. In addition, the company highlighted that there have been no changes to the risk profile associated with this refinancing since the last report filed on February 25, 2026.
Investors are advised to review the detailed investment risks outlined in the latest securities report available on the company’s website.
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