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ADVANCE RESIDENCE INVESTMENT CORPORATION

(3269)
  Report
Delayed Japan Exchange  -  02:00 2022-10-04 am EDT
359500.00 JPY   +1.13%
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Advance Residence Investment : Notice Concerning Debt Financing and Repayment of Loan

05/23/2022 | 02:46am EDT

May 23, 2022

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 decisions to borrow funds to repay loan coming due.

1. Debt Financing (drawdown date: May 31, 2022)

  1. 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.

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.


© Publicnow 2022
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Sales 2023 35 260 M 244 M 244 M
Net income 2023 15 475 M 107 M 107 M
Net Debt 2023 201 B 1 389 M 1 389 M
P/E ratio 2023 31,8x
Yield 2023 3,28%
Capitalization 492 B 3 412 M 3 412 M
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EV / Sales 2024 19,7x
Nbr of Employees 79
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Wataru Higuchi Executive Officer
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