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    8987   JP3046420000

JAPAN EXCELLENT, INC.

(8987)
  Report
Delayed Japan Exchange  -  05/20 02:00:00 am EDT
127200.00 JPY   -0.86%
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Japan Excellent : Notice Concerning Establishment of Commitment Line of Credit

01/25/2022 | 02:37am EDT

For Immediate Release

For Translation Purposes Only

January 25, 2022

Japan Excellent, Inc. (TSE: 8987)

Shuichiro Kayama, Executive Director

Asset Management Company:

Japan Excellent Asset Management Co., Ltd.

Representative:

Shuichiro Kayama, President & CEO

Contact:

Kazue Horikawa

General Manager, Corporate Planning Dept.

TEL: +81-3-5412-7911

Notice Concerning Establishment of Commitment Line of Credit

Japan Excellent, Inc. ("JEI") announces its decision on the establishment of the commitment line of credit for a total amount of 14 billion yen as below. This is the renewal of the commitment line agreement (term of agreement: from February 1, 2021 to January 31, 2022) entered into December 28, 2020.

1. Purpose of Establishment of Commitment Line of Credit

Through the establishment of the commitment line of credit, JEI is primarily seeking to address refinance risks in connection with its existing debt, etc., thereby reinforcing the stability of its financial position.

2. Details of Commitment Line of Credit

Lender

Credit Limit

Scheduled Date of

Term of Agreement

Collateral

Agreement

Mizuho Bank, Ltd.

¥6.0 billion

From

MUFG Bank, Ltd.

¥5.0 billion

January 26, 2022

February 1, 2022

Unsecured /

Sumitomo Mitsui

¥3.0 billion

to

Non-guaranteed

Banking Corporation

January 31, 2023

Total

¥14.0 billion

-

-

-

3. Use of Proceed

To be used for the repayment of existing debt (including investment corporate bonds).

4. Other Matters Necessary for Investors to Appropriately Understand and Evaluate the Provided Information

There is no change to the content of "Risks in Investment" set forth in the JEI's Securities Report (Yuka shoken houkoku-sho) for the 30th Fiscal Period (ended on June 30, 2021) submitted on September 17, 2021 with respect to the risks of this commitment line of credit.

(End)

Japan Excellent, Inc. Website: https://www.excellent-reit.co.jp/en/

Disclaimer

Japan Excellent Inc. published this content on 25 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 07:36:02 UTC.


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Sales 2021 21 134 M 165 M 165 M
Net income 2021 7 950 M 62,0 M 62,0 M
Net Debt 2021 116 B 904 M 904 M
P/E ratio 2021 22,7x
Yield 2021 -
Capitalization 172 B 1 339 M 1 339 M
EV / Sales 2020 12,6x
EV / Sales 2021 14,0x
Nbr of Employees -
Free-Float 82,1%
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Tsuyoshi Nagahama Supervisory Officer
Shunichi Maekawa Supervisory Officer
Eiji Takagi Supervisory Officer
Shuichiro Kayama Executive Officer
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