April 21, 2022

For Immediate Release

REIT Securities Issuer

Hoshino Resorts REIT, Inc.

Representative: Kenji Akimoto, Executive Director

(Code: 3287)

Asset Management Company

Hoshino Resort Asset Management Co., Ltd.

Representative: Kenji Akimoto, President & CEO

Contact: Takahiro Kabuki, Director & CFO

TEL: +81-3-5159-6338

Notice Concerning Extension of Contract Period of Commitment Line

Hoshino Resorts REIT, Inc. (hereinafter "HRR") announces the determination today of the extension of the contract period of the commitment line announced in "Notice Concerning Establishment of Commitment Line" on April 24, 2018 as follows.

  • 1. Details of Extension of the Contract Period

    Current termination date of the contract period: May 1, 2022 Extended termination date of the contract period: May 1, 2023

  • 2. Details of Current Commitment Line Contract Subject to Contract Period Extension

    1)Lenders

    MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., Resona Bank, Limited

    2)Maximum amount of lending

    5,000,000,000 yen

    3)Contract date

    April 27, 2018

    4)Commencement date of commitment

    April 27, 2018

    5)Termination date of commitment

    May 1, 2022 (Note)

    6)Collateral

    Unsecured/Unguaranteed

    7)Use of funds

    Repayment of loans (including redemption of investment corporation bonds)

    (Note) Although the original termination date of commitment was May 1, 2019, the contract period was extended in April

2019, April 2020, and April 2021.

3. Other Matters Necessary for Investors to Appropriately Understand and Evaluate the Provided

Information

There is no change to the content of "Risks in Investment" set forth in HRR's Securities Report submitted on January 27, 2022, with respect to the risks pertaining to the extension of the contract period of commitment line.

"Notice Concerning Establishment of Commitment Line" on April 24, 2018

"Notice Concerning Extension of Contract Period of Commitment Line" on April 17, 2019

"Notice Concerning Extension of Contract Period of Commitment Line" on April 23, 2020

"Notice Concerning Extension of Contract Period of Commitment Line" on April 23, 2021

* Hoshino Resorts REIT, Inc. website address:https://www.hoshinoresorts-reit.com/en/

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Disclaimer

Hoshino Resorts REIT Inc. published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 06:29:08 UTC.