ADVANCE RESIDENCE INVESTMENT CORPORATION May 23, 2022
For Immediate Release
Advance Residence Investment Corporation
Securities Code：3269
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 decisions to borrow funds to repay loan coming due.
1. Debt Financing (drawdown date: May 31, 2022)
- Details of the Debt Financing
(JPY:million) | ||||||||||||||
Planned | Scheduled | Principal | Repayment | Principal | Collateral/ | |||||||||
Lender | Drawdown | Interest Rate | Repayment | |||||||||||
Amount | Period | Repayment | Guarantee | |||||||||||
Date | date | |||||||||||||
May | May | Pay in full | Unsecured | |||||||||||
Sumitomo Mitsui Banking Corporation | 1,560 | Unfixed (Note1) | 4.0 year | on the | ||||||||||
31, 2022 | 29, 2026 | maturity date | Non-guaranteed | |||||||||||
(Note1) The interest rate for the loan will be announced separately. Interest payment dates are the last business day of January, April, July, October, starting July 29, 2022 and ending on the principal repayment date.
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) Purpose of the Debt Financing
To repay existing loan due on May 31, 2022
(3) 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 | May | Pay in full | Unsecured | ||||||||||||
Sumitomo Mitsui Banking Corporation | 1,560 | 0.24690% | 3.5 year | on the | |||||||||||
30, 2018 | 31, 2022 | Non-guaranteed | |||||||||||||
maturity date | |||||||||||||||
Reference Material: Debt Financing Balance (As of May 31, 2022)
（JPY:million） | |||||
Before Refinancing(Note2) | After Refinancing | Increase (Decrease) | |||
Short-term Loans (Note3) | 1,000 | 1,000 | - | ||
Long-term Loans (Note3) | 189,309 | 189,309 | - | ||
Total Loans | 190,309 | 190,309 | - | ||
Corporate Investment Bonds | 36,600 | 36,600 | - | ||
Total interest-bearing debt | 226,909 | 226,909 | - |
(Note2) As of May 30, 2022
(Note3) Short-term loans are loans with maturity dates within one year from drawdown 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.
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Disclaimer
Advance Residence Investment Corporation published this content on 23 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2022 06:45:05 UTC.
