Ichigo Hotel REIT Secures 3 Billion Yen Loan for Debt Repayment

MT Newswires Live06:30

Ichigo Hotel REIT Investment (TYO:3463) has secured a 3 billion yen loan to repay existing debt, according to a Monday filing on the Tokyo Stock Exchange.

The loan, with a 1-month JPY TIBOR plus 0.485% interest rate, will mature in July 2027. It replaces Term Loan 9 and Term Loan 11, due Nov. 29. The impact on January and July 2025 earnings forecasts has already been factored in.

Price (JPY): $143000.00, Change: $+300, Percent Change: +0.21%

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