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JAPAN REAL ESTATE INVESTMENT CORPORATION

(8952)
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Japan Real Estate Investment : Announcement of Debt Financing

06/11/2021 | 02:32am EDT

NEWS RELEASE

June 11, 2021

For Immediate Release

Investment Corporation

Japan Real Estate Investment Corporation

Yutaka Yanagisawa, Executive Director

(TSE code: 8952)

Asset Management Company

Japan Real Estate Asset Management Co., Ltd.

Naoki Umeda, President & CEO

Contact: Masaru Motooka

Executive Officer & General Manager

Planning Department

Phone: +81‐3‐3211‐7951

Announcement of Debt Financing

Japan Real Estate Investment Corporation hereby announces its decision today to procure funds as follows:

1. Reason for the borrowing

Repayment of the existing long‐term loan of JPY 4 billion executed on June 15, 2012.

2. Overview of the borrowing

(1)

Borrowing date

June 15, 2021

(2)

Lender, Amount of loan, Principal repayment date

Lender

Amount of loan

Principal repayment date

Mizuho Bank, Ltd.

JPY 4,000 million

June 16, 2031

(3)

Interest rate:

0.28875% (Fixed)

(4)

Method of borrowing:

Loan agreement dated June 11, 2021

Unsecured/unguaranteed loan

(5)

Interest payment date:

The principal repayment date and the 15th of every June and

December in the period until the principal repayment date (Note)

(6)

Method of principal repayment:

Lump‐sum repayment on the principal repayment date

(Note) When an interest payment date is not a business day, the interest shall be paid on the following business day or the immediately preceding business day if the following business day is in the following month.

1

3. Balance of interest‐bearing debt after the debt financing

(Units: millions of JPY)

Before

After

Increase/Decrease

Short‐term loans payable

18,000

18,000

±0

Long‐term loans payable

20,000

20,000

±0

(Variable interest rate)

Long‐term loans payable

338,500

338,500

±0

(Fixed interest rate)

Total loans

376,500

376,500

±0

Investment corporation bonds

42,993

42,993

±0

Total

42,993

42,993

±0

investment corporation bonds

Total interest‐bearing debt

419,493

419,493

±0

4. Others

Regarding risks pertaining to this loan repayment, there is no material change to the descriptions of "Investment risks" in the latest securities report submitted on December 25, 2020.

This is the English translation of the announcement in Japanese dated June 11, 2021.

No assurance or warranties are given for the completeness or accuracy of this English translation.

2

Disclaimer

JREI - Japan Real Estate Investment Corporation published this content on 11 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2021 06:31:06 UTC.


© Publicnow 2021
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Sales 2022 71 514 M 652 M 652 M
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P/E ratio 2022 29,7x
Yield 2022 3,30%
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Nbr of Employees -
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Tomohiro Okanoya Supervisory Officer
Hiroaki Takano Supervisory Officer
Yutaka Yanagisawa Executive Officer
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