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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)
- Debt Financing Details (Note 1)
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(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. |
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|
(Note 2) |
??Interest payment dates are the last business day of each month beginning October 29, 2021 and ending on the principal repayment date. |
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|
??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.
- 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.
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