Nippon Accommodations Fund Inc. will borrow a total of ¥6.0 billion to repay the same amount of short-term loans closed at the end of February.

The unsecured and unguaranteed funds consist of three ¥2.0 billion loans each from The 77 Bank Ltd., Shinkin Central Bank and Mizuho Bank Ltd., with uniform interest rate and maturity date of 0.06000% and April 28, respectively.

The company's total interest-bearing debt following the closing of the transaction remains at ¥147.0 billion and interest-bearing debt ratio is unchanged at 52.0%.

As of March 28, US$1 was equivalent to ¥110.27.