Daiwa Securities Living Investment Corporation has decided to refinance the borrowings of 8,000 million yen in total (hereinafter referred to as the "Refinancing"). The Investment Corporation has decided to enter into new borrowings for purpose of refinancing the existing borrowings of totaling JPY 8,000 million, which are due for repayment on June 30, 2023. For the details of the existing borrowings, "Notice Concerning Borrowing of Funds and Repayment of Loans" on March 17, 2015, "Notice Concerning Borrowing of Funds" on May 8, 2015 and "Notice Concerning Refinancing and Early Repayment of Loans" on September 15, 2017. The Investment Corporation has decided to borrow a total of 8,000 million yen from financial institutions with existing transactions. Term Loans VV: Lenders: MUFG Bank Ltd. Amount of borrowing: JPY 700 million. Interest rate: 3-month JBA Japanese Yen TIBOR+0.4325%. Drawdown date: June 30, 2023. Method: Unsecured, Lump-sum repayment on the due date. Due date: June 29, 2029. Term Loan WW: Lenders: Resona Bank, Limited. Amount of borrowing: JPY 1,100 million. Interest rate: 3-month JBA Japanese Yen TIBOR+0.4533% (Note). Drawdown date: June 30, 2023. Method: Unsecured, Lump-sum repayment on the due date. Due date: November 30, 2029.
Term Loans XX:- Lenders: MUFG Bank Ltd. Amount of borrowing: JPY 500 million. Interest rate: 3-month JBA Japanese Yen TIBOR+0.4825%. Drawdown date: June 30, 2023. Method: Unsecured, Lump-sum repayment on the due date. Due date: June 28, 2030. Lenders: SBI Shinsei Bank, Limited. Amount of borrowing: JPY 600 million. Interest rate: 3-month JBA Japanese Yen TIBOR+0.4825%. Drawdown date: June 30, 2023. Method: Unsecured, Lump-sum repayment on the due date. Due date: June 28, 2030. Term Loans YY:- Lenders: MUFG Bank Ltd. Amount of borrowing: JPY 1,500 million. SBI Shinsei Bank, Limited: JPY 600 million. Resona Bank, Limited: JPY 1,100 million. Aozora Bank Ltd.: JPY 400 million. Interest rate: 3-month JBA Japanese Yen TIBOR+0.5325%. Drawdown date: June 30, 2023. Method: Unsecured, Lump-sum repayment on the due date. Due date: June 30, 2031. Individual Loans:- Lenders: Sumitomo Mitsui Banking Corporation. Amount of borrowing: JPY 700 million. Interest rate: 3-month JBA Japanese Yen TIBOR+0.4325%. Drawdown date: June 30, 2023. Method: Unsecured, Lump-sum repayment on the due date. Due date: June 29, 2029.
Individual Loans:- Lenders: Sumitomo Mitsui Banking Corporation. Amount of borrowing: JPY 800 million. Interest rate: 3-month JBA Japanese Yen TIBOR+0.4325%. Drawdown date: June 30, 2023. Method: Unsecured, Lump-sum repayment on the due date. Due date: June 30, 2031.