Source disclosure: February 25, 2026, 16:00 JST
Nippon Hotel & Residential Investment Corporation [3472.T]
TOKYO, Feb 25 (Pulse News Wire) -- Nippon Hotel & Residential Investment Corporation (3472.T), represented by Executive Director Kei Kirihara, announced today that it has decided to borrow funds to repay short-term debt due on February 27, 2026. The company will take out a long-term loan of ¥190 million from Sumitomo Mitsui Banking Corporation to settle its previous short-term borrowing of ¥195 million raised on February 28, 2025. For more detailed information regarding this earlier borrowing, please refer to the announcement made on February 25, 2025.
The new loan agreement was concluded individually between the investment trust and Sumitomo Mitsui Banking Corporation on February 25, 2026, with the actual disbursement scheduled for February 27, 2026. The interest rate is set at the Bankers Association Japan Yen TIBOR plus 0.400%, without any collateral or guarantee provided. Interest payments will begin in March 2026 and continue monthly until the final principal repayment date of February 26, 2027, when the entire principal amount will be repaid in one lump sum.
Following the execution of this new loan, the total outstanding liabilities of the investment trust remain unchanged at ¥33.027 billion, with only a slight decrease of ¥5 million in short-term loans. As of now, there have been no changes to the risks associated with the repayment of these debts as previously outlined in the securities report submitted on February 25, 2026.
Additional information about the investment trust can also be found on their official website at https://nhr-reit.com/.
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