Japan Hotel REIT Investment Corporation announced that JHR resolved on new borrowing and prepayment of existing loans for the purpose of refinancing of the existing loan. Summary of the New Loan: Content of the New Loan; JHR plans to refinance the existing loans, which will be due on September 30, 2022. Amount of the New Loan: JPY 15,702 million. Maturity Date; September 29, 2023 (borrowing term: 1 year). Collateral: Unsecured/Unguaranteed.
Summary of the Loan Scheduled for Repayment. Content of the repayment: JHR plans to repay the loan with using the New Loan. Total amount of the repayment: JPY15,702 million. Scheduled date of the repayment; September 30, 2022. Content of the Prepayment: JHR will prepay the following loans using the funds procured by the issuance of investment corporation. Bonds announced in the "Notice Concerning Issuance of Investment Corporation Bonds" dated September 13, 2022. Total amount of the Prepayment: JPY1,923 million. Scheduled date of the Prepayment September 30, 2022.