XYMAX REIT Investment : Notice Concerning Borrowings of Funds

	Translation Purposes Only
		January 27, 2022
For Immediate Release
Real Estate Investment Trust Securities Issuer
1-1-1 Akasaka, Minato-ku, Tokyo
XYMAX REIT Investment Corporation
Representa	Executive Director	Shotaro
tive		Kanemitsu
	(Securities Code 3488)
Asset Management Company
XYMAX REAL ESTATE INVESTMENT ADVISORS Corporation
Represent	Representative	Shotaro
ative	Director and President	Kanemitsu
Contact	Head of Business	Tatsuya
	Planning Division	Nakayama

TEL: [phone]

Notice Concerning Borrowings of Funds

Xymax REIT Investment Corporation (the "Investment Corporation") has announced today that it has decided to undertake the debt financing (the "Debt Financing") as described below.

1. Details of Borrowings

					Borrowing		Draw-		Maturity	Principal
Term					Amount		Borrowing	Collateral
	Lenders		Interest rate	down	Date	Repayment
(Note 1)			(million	Method
					Date	(Note 2)	method
					yen)
						Base rate
Short	Mizuho Bank, Ltd.		1,100	+0.150%			March 31,
term		(Note 3)
						(Note 4)			2022
	Mizuho Bank, Ltd.			Base
	Resona Bank, Ltd			+0.350%
		982	(Note 3)			January 31,
	Shinsei Bank Ltd.
			(Note 4)			2025
	The Chiba Bank, Ltd.		(Note 5)
	Mizuho Bank, Ltd.
	Sumitomo Mitsui Banking				Borrowing
	Corporation
					based on a
	MUFG Bank, Ltd.
			0.60875%		Loan		Lump-sum
	The	Nishi-Nippon	City			agreement		Unsecured
				repayment
	2,406	(Fixed rate)	January	with the	January 31,	unguaranteed
	Bank, Ltd.			at
Long				(Note 4)	31, 2022	lenders	2026
							maturity
term	The Bank of Fukuoka, Ltd.				shown
	Resona Bank, Ltd					at left as
					lender
	Hiroshima Bank, Ltd.
	Shinsei Bank, Ltd.
	Aozora Bank, Ltd.
	Higo Bank, Ltd.
	The	Bank	of Yokohama,		0.73375%
	Ltd.				2,020	(Fixed rate)			January 31,
	The Nanto Bank, Ltd.		(Note 4)			2027
	Kansai	Mirai	Bank,
	Limited
		Total			6,508	-	-	-	-	-	-

(Note 1) "Short-term" refers to borrowing for a period from the drawdown date to the maturity date of one year or less. "Long-term" refers to borrowing for a period from the drawdown date to the maturity date of more than one year.

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(Note 2) If the maturity date is a non-business day, it shall be the following business day. If such day falls in the following month, it shall be the immediately preceding business day.

(Note 3) The base rate applicable to the period for the calculation of the interest payable on an interest payment date is the JBA one- month Japanese Yen TIBOR as of a date two business days prior to the interest payment date immediately preceding each interest payment date. However, if the base rate applicable to the calculation period doesn't exist, the base rate will be the one corresponding to the period that will be calculated based on a method provided in the agreement. Please refer the website of the JBA TIBOR Administration (http://www.jbatibor.or.jp/english) for the JBA Japanese Yen TIBOR.

(Note 4) The interest payment will be made on February 28, 2022 and the last day of each month thereafter as well as on the maturity date. (If an interest payment date is a non-business day, it shall be the following business day. If such day falls in the following month, it shall be the immediately preceding business day.)

2. Reasons for the Borrowing

XYMAX REIT will use the Borrowings to redeem a short-term borrowings of 1,770 million yen and a long- term borrowings of 3,088 million yen due on January 31, 2022 (the "Existing Borrowings") described in the "Notice Concerning Borrowing of Funds and Conclusion of Interest Rate Swap Agreement" announced on February 16, 2018, the "Notice Concerning Borrowing of Funds and Conclusion of Interest Rate Swap Agreement" announced on January 27, 2021, and the "Notice Concerning Borrowing of Funds" announced on January 29, 2020 and June 25, 2021.

In addition, Investment Corporation will use the part of borrowing to acquire the domestic real estate trust beneficiary right, Valor Kachigawa Store (50% of leasehold land as the quasi-co-ownership interest), as announced today in "[Notice Concerning Acquisition of the Domestic Real Estate Trust Beneficiary right (50% of leasehold land of Valor Kachigawa Store as the quasi-co-ownership interest ) and Transfer of the Domestic Real Estate Trust Beneficiary right (Renaissance 21 Chihaya)]."

1. Amount, use and schedule of expenditure of funds to be procured
2. 1. Total amount
      6.508 billion yen
   2. Specific purpose of use
      The borrowing will be used to redeem the existing borrowings and part of the acquisition of the asset and related expenses described in "2. Reasons for the Borrowing" above.
   3. Schedule date of expenditure January 31, 2022
3. Interest-bearingdebt balance after the Borrowing

			(Millions of yen)
	Before the execution of	After the execution of	Increase/Decrease
	the Borrowing	the Borrowing
Short-term loans (Note 1)	1,770	1,100	▲670
Long-term loans (Note 2)	12,280	14,600	2,320
Total loans	14,050	15,700	1,650
Investment corporation bonds	‐	‐	‐
Total loans and investment corporation	14,050	15,700	1,650
bonds
Other interest-bearing liabilities	‐	‐	‐
Total interest-bearing liabilities	14,050	15,700	1,650

(Note 1) "Short-term" refers to borrowing for a period from the drawdown date to the maturity date of one year or less.

(Note 2) "Long-term" refers to borrowing for a period from the drawdown date to the maturity date of more than one year 5. Other

Concerning the risks to the borrowings, etc. described above, there are no material changes from the "Investment risks" disclosed in the 1-1-3 of the latest Securities Report submitted on November 29, 202 * XYMAX REIT website address:https://xymaxreit.co.jp/

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