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ADVANCE RESIDENCE INVESTMENT CORPORATION

(3269)
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Advance Residence Investment : Notice Concerning Debt Financing and Repayment of Loan

11/16/2021 | 01:36am EST

November 16, 2021

For Immediate Release

Advance Residence Investment Corporation

Securities Code3269

1-105Kanda-Jinbocho,Chiyoda-ku, Tokyo

Wataru Higuchi, Executive Director

Asset Management Company:

AD Investment Management Co., Ltd.

Takeshi Takano, President

Inquiries:

Isao Kudo, Director

TEL. +81-3-3518-0480

Notice Concerning Debt Financing and Repayment of Loan

Advance Residence Investment Corporation (ADR) announced today its decision to borrow funds to repay loan coming due.

1. Debt Financing (draw-down date: November 26, 2021)

  1. Details of the Debt Financing

(JPY:million)

Planned

Scheduled

Principal

Repayment

Principal

Collateral/

Lender

Draw-down

Interest Rate

Repayment

Amount

Period

Repayment

Guarantee

Date

date

November

November

Pay in full

Unsecured

Aozora Bank, Ltd.

1,800

Unfixed note 1

10.0 year

on the

26, 2021

26, 2031

maturity date

Non-guaranteed

Note 1 The interest rate for the loan will be announced separately. Interest payment dates are the last business day of January, April, July, October, starting January 31, 2022 and ending on the principal repayment date.

(2) Purpose of the Debt Financing

To repay existing loan due on November 26, 2021.

  1. Scheduled Contract Date of the Debt Financing November 24, 2021

1

[Provisional Translation]

This 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.

2. Details of the Loan to be Repaid

(JPY:million)

Planned

Scheduled

Principal

Repayment

Principal

Collateral/

Lender

Drawdown

Interest Rate

Repayment

Amount

Period

Repayment

Guarantee

Date

date

November

November

Pay in full

Unsecured

Aozora Bank, Ltd.

1,800

1.16300% note 2

8.0 year

on the

29, 2013

26, 2021

maturity date

Non-guaranteed

Note 2 The interest rate is fixed through interest rate swap.

Reference Material: Debt Financing Balance (As of November 26, 2021)

(JPY: million)

Before Refinancing note 3

After Refinancing

Increase (Decrease)

Short-term Loans note 4

2,700

2,700

-

Long-term Loans note 4

183,409

183,409

-

Total Loans

186,109

186,109

-

Corporate Investment Bonds

36,600

36,600

-

Total interest-bearing debt

222,709

222,709

-

Note 3 As of November 25, 2021

4 Short-term loans are loans with maturity dates within one year from draw-down date and long-term loans are loans with maturity dates that are more than one year away.

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/

2

[Provisional Translation]

This 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.

Disclaimer

Advance Residence Investment Corporation published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 06:35:05 UTC.


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Sales 2022 34 240 M 300 M 300 M
Net income 2022 14 956 M 131 M 131 M
Net Debt 2022 196 B 1 715 M 1 715 M
P/E ratio 2022 29,5x
Yield 2022 3,62%
Capitalization 441 B 3 869 M 3 864 M
EV / Sales 2022 18,6x
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Nbr of Employees 79
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Yoshitsugu Oba Supervisory Officer
Wataru Higuchi Executive Officer
Satoru Kobayashi Supervisory Officer
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