June 15, 2022
For Immediate Release
Advance Residence Investment Corporation
Securities Code:3269
1-105Kanda-Jinbocho,Chiyoda-ku, Tokyo
Wataru Higuchi, Executive Director
Asset Management Company:
ITOCHU REIT Management Co., Ltd.
Junichi Shoji, Representative Director, President
& CEO
Inquiries:
Isao Kudo, Executive Officer
TEL. 0120-938-469
Notice Concerning Debt Financing Interest Rate
Advance Residence Investment Corporation (ADR) announced that the interest rate for the 1,000 million yen
long-term loan (planned execution date June 17, 2022) note has been set as follows.
(JPY:million) | ||||||||||||||
Planned | Scheduled | Principal | Repayment | Principal | Collateral/ | |||||||||
Lender | Interest Rate | Repayment | ||||||||||||
Drawdown Date | Amount | Period | Repayment | Guarantee | ||||||||||
date | ||||||||||||||
June | 0.67250% | June | Pay in full | Unsecured | ||||||||||
Shinsei Bank | 1,000 | 7.0 year | on the | |||||||||||
17, 2022 | 15, 2029 | Non-guaranteed | ||||||||||||
maturity date | ||||||||||||||
Note Please refer to the "Notice Concerning Debt Financing and Repayment of Loan" dated June 8, 2022 for details. |
About Advance Residence Investment Corporation
Advance Residence Investment Corporation is the largest residential J-REIT, investing in over 270 rental apartments located mostly in central Tokyo and in other major cities throughout Japan (AUM over 460 billion yen). ADR can be expected have a stable dividend in the long-term and can be considered as a defensive J-REIT, on back of the stable income from residential assets and with the largest dividend reserve among J-REITs.
ADR's website:https://www.adr-reit.com/en/
1
[Provisional Translation]
The English translation of the original Japanese document is provided solely for informational purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
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Advance Residence Investment Corporation published this content on 15 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2022 07:22:03 UTC.