Japan Metropolitan Fund Investment : Notice Concerning Debt Financing (Refinancing)

July 21, 2022

To all concerned parties:

Investment Corporation

Japan Metropolitan Fund Investment Corporation

(Tokyo Stock Exchange Company Code: 8953）

Representative: Masahiko Nishida, Executive Director

URL: https://www.jmf-reit.com/english/

Asset Management Company

KJR Management

Representative:	Naoki Suzuki,
	President & Representative Director
Inquiries:	Keita Araki, Executive Officer &
	Head of Metropolitan Business Division
	TEL: [phone]

Notice Concerning Debt Financing (Refinancing)

Japan Metropolitan Fund Investment Corporation ("JMF") announced today the refinancing of existing borrowings as outlined below.

1. Refinancing

JMF will refinance the existing loan (borrowing amount of 6,720 million yen) maturing on July 29, 2022, as outlined below.

Description of New Loan

						Method of
Lender	Loan	Loan	Interest Rate (Note)	Anticipated	Borrowing,	Repayment
Amount	Term	Borrowing Date	Repayment of	Date
						Principal
Sumitomo Mitsui Trust	¥ 3,370	7 years	Fixed	To be			July 31,
Bank, Limited	Million	determined			2029
Mizuho Bank, Ltd.	¥ 1,500	10 years	Fixed	To be			July 30,
Million	determined			2032
					July 29,	Unsecured and
				To be	July 30,
Development Bank of	¥ 800	10 years	Fixed	unguaranteed,
Japan Inc.	Million	determined	2022	lump sum	2032
						repayment
Aozora Bank, Ltd.	¥ 650	10 years	Fixed	To be		July 30,
Million	determined			2032
Mizuho Trust & Banking	¥ 400	10 years	Fixed	To be			July 30,
Co., Ltd.	Million	determined			2032

(Note) The announcement on the interest rate will be made at the time of determination.

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						Method of
Lender	Loan	Loan	Interest Rate	Borrowing	Borrowing,	Repayment
Amount	Term	Date	Repayment of	Date
						Principal
Mizuho Bank, Ltd.
Aozora Bank, Ltd.	¥ 1,550	7 years	Fixed	1.202% (Notes 1, 2)	July 31,
Mizuho Trust & Banking	Million	2015
Co., Ltd.
Development Bank of	¥ 800	7 years	Fixed	1.233 % (Note 1)	July 31,
Japan Inc.	Million	2015
						Unsecured and
Sumitomo Mitsui Trust						unguaranteed,	July 29,
					lump sum	2022
Bank, Limited
					repayment
Tokio Marine & Nichido	¥ 2,900				July 31,
5 years	Fixed	0.524 % (Note 1)
Fire Insurance Co., Ltd.	Million	2017
Nippon Life Insurance
Company
Sumitomo Mitsui Trust	¥ 1,470			Base interest rate	May 20,
0.2 years	Floating	(JBA 1-month yen
Bank, Limited	Million	2022
				TIBOR)+0.120%
(Note 1) Figures are rounded off to third decimal places.
(Note 2) JMF has executed interest rate swap agreements to fix the interest rate.

2. Status of Interest-Bearing Debts After Refinancing (July 29, 2022 (scheduled))

						(Yen in millions)
			Before		After (Note 2)	Variation
		Short-Term Borrowings		9,970	6,000	-3,970
	Total Short-TermInterest-Bearing Debt		9,970	6,000	-3,970
		Long-Term Borrowings (Note 1)		477,175	481,145	+3,970
		Corporate Bonds		62,500	62,500	0
	Total Long-TermInterest-Bearing Debt		539,675	543,645	+3,970
	Total Borrowings and Corporate Bonds		549,645	549,645	0

(Note 1) The long-term borrowing amount includes the current portion of long-term borrowings.

(Note 2) In addition to the above borrowings, the status after refinancing includes the refinancing (3,150 million yen) and early repayment (2,500 million yen) to be executed on July 29, 2022, as announced in the "Notice Concerning Debt Financing (Refinancing) and Early Repayment of Borrowings" dated July 14, 2022.

This English language release is for informational purposes only, and the Japanese language release should be referred to as the original.

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