ADVANCE RESIDENCE INVESTMENT CORPORATION June 8, 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 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: June 17, 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 | ||||||||||||||
June | Unfixed (Note1) | June | Pay in full | Unsecured | |||||||||||
Shinsei Bank | 1,000 | 7.0 year | on the | ||||||||||||
17, 2022 | 15, 2029 | 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 June 17, 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 | ||||||||||||||
December | 1.31500% (Note2) | June | Pay in full | Unsecured | |||||||||||
Shinsei Bank | 1,000 | 8.5 year | on the | ||||||||||||
19, 2013 | 17, 2022 | maturity date | Non-guaranteed | ||||||||||||
(Note2) The interest rate is fixed through interest rate swap. |
Reference Material: Debt Financing Balance (As of June 17, 2022)
（JPY:million） | |||||
Before Refinancing(Note3) | After Refinancing | Increase (Decrease) | |||
Short-term Loans (Note4) | 1,000 | 1,000 | - | ||
Long-term Loans (Note4) | 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 | - |
(Note3) As of June 16, 2022
(Note4) 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 08 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2022 06:41:08 UTC.
