July 25, 2023
Provisional translation only
Fukuoka REIT Corporation
1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City
Zenji Koike
Executive Director
(Securities Code: 8968)
Asset Management Company:
Fukuoka Realty Co., Ltd.
1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City
Zenji Koike
President and CEO
Inquiries:
Hiroyuki Ayabe
Executive Officer and General Manager
Finance Department
TEL: +81-(0)92-272-3900
Notice Concerning Extension of Contract Period of Committed Line of Credit
Fukuoka REIT Corporation (FRC) announces that it has decided to extend the contract period of the committed line of credit agreement announced in "Notice Concerning Establishment of Committed Line of Credit" dated June 29, 2018, as outlined below.
-
Reason for Extension
As one year has passed since the last extension of the contract period of the committed line of credit with The Bank of Fukuoka, Ltd. and Resona Bank, Limited on July 26, 2022, FRC decided to extend the contract period of the agreement for one year in order to secure a flexible and stable method of fund procurement. As a result, the remaining term of the commitment line of credit will be extended to three years. - Description of Commitment Line Agreement Subject to Extension
(1) | Lenders and | The Bank of Fukuoka, Ltd. (50/60, Agent) |
participation of loans | Resona Bank, Limited (10/60) | |
(2) | Maximum amount | 6 billion yen |
(3) | Contract start date | July 31, 2023 |
(4) | Period of committed | (before extension) |
line of credit | From August 1, 2018 to July 31, 2025 | |
(after extension) | ||
From August 1, 2018 to July 31, 2026 | ||
(5) | Collateral, guarantee | No collateral, no guarantee |
(6) | Purpose of loan | To prepare working capital and make capital investments (incl. acquiring |
assets) |
3. Others
Concerning risks related to the extension of contract period of committed line of credit, there are no material changes from "Investment risks" disclosed in the latest Securities Report for the 37th Fiscal Period (submitted on May 30, 2023).
*Fukuoka REIT Corporation's website ishttps://www.fukuoka-reit.jp/en/index.html
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Fukuoka REIT Corporation published this content on 25 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2023 07:06:10 UTC.