Nippon Accommodations Fund Inc. (JP:3226) has released an update.
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Nippon Accommodations Fund Inc. (NAF) has announced the borrowing of 1.0 billion yen from Sumitomo Mitsui Trust Bank, Limited with a 0.735% interest rate, due for repayment by September 2029. The fund intends to use this loan for the acquisition of ‘Kuretake Inn Asahikawa’, and following the transaction, the company’s total interest-bearing debt will marginally increase from 166.0 billion yen to 167.0 billion yen.
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