Skip to main content

September 29, 2021

For immediate release

Advance Residence Investment Corporation

Securities Code??3269

1-105Kanda-Jinbocho, Chiyoda-ku, Tokyo

Wataru Higuchi, Executive Director

Asset management company:

AD Investment Management Co., Ltd.

Takeshi Takano, President

Surveys:

Isao Kudo, director

PHONE. + 81-3-3518-0480

Debt Financing Notice

Advance Residence Investment Corporation (ADR) today announced its decisions to borrow funds.

1. Debt financing (draw date: October 7, 2021)

  1. Debt Financing Details (Note 1)

(JPY: millions)

Planned

Program

Main

Refund

Main

Collateral/

Lender

Draw

Interest rate

Refund

Rising

Period

Refund

Guarantee

Dated

Dated

MUFG Bank, Ltd.

October

2,700

Basic rate (Note 2)

October

1.0 year

Pay in full

Insecure

Sumitomo Mitsui Trust Bank, Limited

7, 2021

+ 0.30%

7, 2022

on the

Not guaranteed

Mizuho Bank, Ltd.

due date

(Note 1)

This is a loan based on the loan commitment agreement entered into on May 1, 2015.

(Note 2)

??Interest payment dates are the last business day of each month beginning October 29, 2021 and ending on the principal repayment date.

??The JBA yen TIBOR 1 month rate two working days before the last interest payment date will be used as the base rate for

calculate the applicable interest rate for the current calculation period. If the calculation period is less than 1 month, accrued interest will be calculated on the basis of the applicable base rate and according to the method described in the contract.

??The variable interest rate on the loan will not be announced in the future. Please refer to the JBA website for the 1-month Yen TIBOR. (http://www.jbatibor.or.jp/english/)

1

[Provisional Translation]

This English translation of the original Japanese document is provided for informational purposes only. In the event of any discrepancies between this translation and the Japanese original, the latter shall prevail.

(2) Purpose of debt financing

To partially finance the acquisition of the current property (RESIDIA Nishitenma) and the payment of related expenses.

  1. Date of filing of the loan application based on the Loan Commitment Agreement September 30, 2021

Reference material: Debt financing balance (as of October 7, 2021)

??JPY: millions??

Before refinancing(Note 3)

After refinancing

Increase decrease)

Short term loan (Note4)

0

2,700

2,700

Long term loans (Note4)

186 009

186 009

Total loans

186 009

188,709

2,700

Corporate investment bonds

34,000

34,000

Total interest-bearing debt

220,009

222,709

2,700

(Note3) As of October 6, 2021

(Note 4) Short-term loans are loans with a maturity of less than one year from the drawdown date and long-term loans are loans with a maturity of more than one year.

About Advance Residence Investment Corporation

Advance Residence Investment Corporation is the largest residential J-REIT, investing in over 270 rental apartments located primarily in central Tokyo and other major cities in Japan (AUM over 450 billion yen). ADR can be expected to have a stable long-term dividend and can be seen as a defensive J-REIT, thanks to the stable income from residential assets and with the largest reserve of dividends among J-REITs.

ADR website: https://www.adr-reit.com/fr/

2

[Provisional Translation]

This English translation of the original Japanese document is provided for informational purposes only. In the event of any discrepancies between this translation and the Japanese original, the latter shall prevail.

Disclaimer

Advance Residence Investment Corporation published this content on September 29, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 29, 2021 07:31:06 AM UTC.

Source link

Leave a Reply