March 26, 2021
To All Concerned Parties
Name of REIT Issuer:
Nippon Building Fund, Inc.
Koichi Nishiyama, Executive Director
(TSE Code : 8951)
Contact:
Asset Management Company
Nippon Building Fund Management, Ltd.
Yoshiyuki Tanabe, President and CEO
Person to Contact:
Yasushi Yamashita, General Manager
(TEL. +81-3-3516-3370)
Notice Concerning Debt Financing
Nippon Building Fund, Inc. ("NBF") hereby provides notice that the following was decided as of March 26, 2021 concerning a long-term borrowing:
Description
1. Long-term Borrowing
Lender | Amount Borrowed | Interest Rate | Expected Date of Implementation | Methods of Borrowing, Repayment, Security and Guarantee etc. | Repayment Due Date |
Taiju Life Insurance Company Ltd. | ¥2 billion | 0.491% | March 30, 2021 | Unsecured, unguaranteed, repayable in one lump sum on repayment due date | January 30,2032 |
*Interest Rate is rounded down to the 3rddecimal point.
2. Amount, Use and Expected Date of Expenditure of Proceeds
(1) Amount to be borrowed
¥2 billion
(2) Specific use of proceeds Refinancing of a long-term borrowing
(3) Expected date of expenditure March, 2021
3. Status of Borrowings etc. following the financing
(Unit: million yen)
Before Financing | After Financing | Increase / Decrease | |
Short-term borrowings | 10,000 | 10,000 | 0 |
Long-term borrowings (Floating interest rate) | 27,000 | 27,000 | 0 |
Long-term borrowings (Fixed interest rate) | 471,500 | 471,500 | 0 |
Bonds | 57,000 | 57,000 | 0 |
Total | 565,500 | 565,500 | 0 |
4. Other Matters Required for Investors to Appropriately Understand and Evaluate the Above
Information
There is no change to the content of "Investment Risks" of the Securities Report submitted on September 29, 2020 with respect to the risks involved in repayment etc. of the current debt financing.
End
This English language notice is a translation of the Japanese language notice dated March 26, 2021 and was prepared solely for the convenience of, and reference by, overseas investors. Neither NBF nor Nippon Building Fund Management, Ltd. makes any warranties as to its accuracy or completeness.
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Disclaimer
Nippon Building Fund Inc. published this content on 26 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2021 06:32:06 UTC.