Invincible Investment Corporation has determined to obtain new debt financing to refinance existing debt. Details are as follows. Reason for borrowing: INV has decided and executed JPY 1,000 million of new loan agreements in order to repay the same amount of existing borrowing.
The New Borrowing will be executed as a green loan based on the Green Finance Framework. Details of the New Borrowing (anticipated) < Term Loan (025) > 6-Year Loan (green loan) (1) Lenders: San ju San Bank Ltd. (2) Borrowing amount: JPY 1,000 million (3) Interest rate, etc.: 1-month JPY TIBOR (Base Rate) + spread (0.600%) Floating interest rate (4) Borrowing method: Borrowing based on separate term loan agreement dated April 11, 2025 Unsecured /with no guarantee (5) Agreement date: April 11, 2025 (6) Anticipated borrowing date: April 15, 2025 (7) Interest payment date: (i) The last Japanese business day of every month before the principal maturity date, beginning with April 30, 2025, and (ii) the principal maturity date (8) Principal repayment method: Lump-sum repayment on the principal maturity date; (9) Principal maturity date: March 14, 2031. Loan proceeds, use of proceeds and scheduled timing of disbursement (1) Loan proceeds JPY 1,000 million (2) Use of proceeds The proceeds will be used for the repayment of the New Syndicate Loan (O).
The New Borrowing will be executed as a green loan which will be used to repay the borrowing for the acquisition of Hotel MyStays Sapporo Station, green buildings which satisfy the eligiblility criteria of the Green Finance Framework. (3) Scheduled timing of disbursement April 15, 2025.
