Translation of Japanese Original
July 27, 2021
To All Concerned Parties
REIT Issuer:
Kenedix Residential Next Investment Corporation
Representative: Keisuke Sato, Executive Director
(Securities Code Number: 3278)
Asset Management Company
Kenedix Real Estate Fund Management, Inc.
Representative: Masahiko Tajima, President & CEO
Contact: Shin Yamamoto, Head of Planning Division,
Residential REIT Department
TEL:+81-3-5157-6011
Notice Concerning Execution of Commitment Line Agreement
Kenedix Residential Next Investment Corporation (the "Investment Corporation") has announced today that the
Investment Corporation decided to execute a commitment line agreement as follows.
1. Purpose of Commitment Line Agreement
The Investment Corporation decided to conclude commitment line agreements to secure flexibility and stability in financing method, for potential needs of funds.
The existing 1,500 million yen commitment line with Sumitomo Mitsui Banking Corporation will be renewed after expiring on July 31, 2020. Besides the commitment line, the existing 1,500 million yen commitment line with MUFG Bank, Ltd. and Mizuho Bank, Ltd will be extended respectively.
2. Outline of Commitment Line Agreement (After this commitment line agreement and extension of period)
Limit of | Contract date | |||||||||||||
Counterparty | maximum amount | Contract period | Collateral | |||||||||||
(Scheduled) | ||||||||||||||
(million yen) | ||||||||||||||
Sumitomo Mitsui Banking | 1,500 | July 29, 2021 | August 1, 2021 to | |||||||||||
Corporation | July 31, 2022 | |||||||||||||
Unsecured, | ||||||||||||||
MUFG Bank, Ltd | 1,500 | |||||||||||||
July 29, 2019 | August 1, 2019 to | unguaranteed | ||||||||||||
Mizuho Bank, Ltd | 1,500 | July 31, 2022 | ||||||||||||
3. Other
In relation to the risks associated with the borrowings, there have been no significant changes to the "Investment Risks" stated in the securities report (Yuka shoken hokokusyo) submitted on April 28, 2021.
* Website URL of the Investment Corporation: https://www.kdr-reit.com/en/
[Provisional Translation Only]
English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
1
Attachments
- Original document
- Permalink
Disclaimer
Kenedix Residential Next Investment Corporation published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 06:39:09 UTC.