Japan Hotel REIT Investment (TYO:8985) entered an interest rate swap for a 1 billion yen term loan tied to its Nov. 11 green refinancing, according to a Tuesday filing on the Tokyo Stock Exchange.
The swap, contracted with Daiwa Securities, fixes the rate on Term Loan 125 at an effective 1.976% from Nov. 20, 2025, through Sept. 30, 2031. Payments will be exchanged monthly.
The deal lifts JHR's fixed-rate share of interest-bearing debt to about 80%.
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