Japan Excellent, Inc. announced the decision made concerning new debt financing through a sustainability loan based on the Sustainability Finance Framework as follows: Details of the Debt Financing: Upon establishing a Sustainability Finance Framework in alignment with the guidelines established by the International Capital Market Association (ICMA), with the aim of procuring funds for the acquisition of assets that are not only proficient in environmental performance but also conducive to the solving of social issues, JEI became the first J-REIT to conduct debt financing as a sustainability loan to procure part of the funds for the acquisition of AKASAKA INTERCITY AIR in September 2020. Overview of the debt financing: Lender: Mizuho Bank Ltd. Loan: Amount Ñ2.0 billion. Interest Rate (Note 1): Floating, Base interest rate (JBA three-month Yen-TIBOR) 0.200%. Borrowing Period: 2.5 years.
Drawdown Date September 30, 2022. Principal Repayment Date (Note 2): March 31, 2025. Borrowing Method, Repayment Method, Collateral: Term loan agreement. To be repaid in full on the repayment date (early repayment permitted): Unsecured /Non-guaranteed. Purpose of debt financing: JEI intends to allocate the proceeds to the repayment of the sustainability loan of Ñ2.0 billion (Note 3), which is due on September 30, 2022. Total amount to be borrowed, use of proceeds and scheduled expenditure date: Total amount to be borrowed Ñ2.0 billion. Detailed use of proceeds and scheduled expenditure date. Detailed use of proceeds: To be allocated to the repayment of the sustainability loan of Ñ2.0 billion which will become due on September 30, 2022. Scheduled expenditure date: September 30, 2022. Other Matters Required for Investors to Appropriately Understand and Evaluate the Above Information. There is no change to the content of "Risks in Investment" set forth in JEI's Securities Report (yuka shoken houkoku-sho) for the 32nd Fiscal Period (ended June 30, 2022) submitted on September 16, 2022, with respect to the risks of the debt financing.