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Translation from the Japanese original
November 26, 2021
To all parties involved
REIT Issuer:
Kenedix Residential Investment Corporation
Representative: Tetsu Kawashima, Executive Director
(Securities code number: 3278)
Asset management company
Kenedix Real Estate Fund Management, Inc.
Representative: Masahiko Tajima, President and CEO
Contact: Shin Yamamoto, Head of Strategic Planning,
Residential REIT Department
PHONE :+ 81-3-5157-6011
Debt Financing Notice
Kenedix Residential Next Investment Corporation (the “Investment Company”) today announced its decision on debt financing (total of EUR 1.1 billion). The details are as follows.
1. Details of debt financing
|
Rising |
Interest rate |
Contract |
Draw |
Main |
Collateral?? |
||||||||||||||||||
|
Series |
Lender |
Dated |
refund |
Refund |
|||||||||||||||||||
|
(million) |
(Note 1) (Note 2) |
Dated |
|||||||||||||||||||||
|
(Program) |
Dated (Note 2) |
Method |
|||||||||||||||||||||
|
0.32500% (Note 3) |
Not guaranteed, |
||||||||||||||||||||||
|
59?? |
Chiba Bank, Ltd. |
600 |
not guaranteed |
||||||||||||||||||||
|
(Fixed rate) |
|||||||||||||||||||||||
|
?? |
|||||||||||||||||||||||
|
November |
November |
November |
Refund |
||||||||||||||||||||
|
0.32500% (Note 3) |
26, 2021 |
30, 2021 |
30, 2026 |
of the principal |
|||||||||||||||||||
|
59?? |
Musashino Bank, Ltd. |
500 |
in full on |
||||||||||||||||||||
|
(Fixed rate) |
|||||||||||||||||||||||
|
maturity |
|||||||||||||||||||||||
|
Dated |
??Note 1?? The first interest payment is due at the end of February 2022 and on the last day of every three months thereafter, with the last due on the principal repayment day.
??Note 2?? If the interest payment date or principal repayment date is a non-business day, the date will be the next business day and if that next business day falls within the following month, the date will be the previous business day.
??Note 3?? The applicable interest rate period is from November 30, 2021 to November 30, 2026.
2. Reason for debt financing
The loan mentioned above will be used to use the funds as a payment for the acquisition of the interest of the beneficiary of the real estate trust (T-101: Hulic Residence Tsudanuma) indicated in the press release “Notice regarding the acquisition of properties (total of 2 residential facilities) and 2 healthcare facilities) and sale of property (KDX Residence Tobu Nerima) ”announced on November 26, 2021 and associated costs.
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3. Statement of interest-bearing liabilities after borrowings (as of November 30, 2021)
|
(Unit: millions |
yen) |
|||||||||||
|
Classification |
Balance before |
Balance after |
Difference |
|||||||||
|
borrowings |
borrowings |
|||||||||||
|
Short-term loans (Note 1) |
0 |
0 |
– |
|||||||||
|
Current long-term share |
21,250 |
21,250 |
– |
|||||||||
|
loans (Note 2) |
||||||||||||
|
Long term loans (Note 3) |
118,770 |
119,870 |
+1 100 |
|||||||||
|
Total borrowings |
140,020 |
141 120 |
+1 100 |
|||||||||
|
Investment company bonds |
7,700 |
7,700 |
– |
|||||||||
|
Total interest-bearing liabilities |
147,720 |
148,820 |
+1 100 |
??Note 1?? “Short-term borrowings” designate borrowings for which the term is less than or equal to one year from the date of borrowing until the date of repayment. However, if the first anniversary of the date of the loans falls on a non-working day, the repayment date will be the next working day and even if, therefore, the loan term exceeds one year, the loans will be qualified as short – term loans.
??Note 2?? The “Current portion of long-term borrowings” refers to long-term borrowings due within one year.
??Note 3?? “Long-term borrowings” designate borrowings with a term of more than one year from the date of borrowing until the date of repayment.
4. Others
With regard to the risks associated with borrowings, there have been no significant changes to the “Investment risks” indicated in the report on transferable securities (Yuka shook hokokusyo) filed on October 26, 2021.
* URL of the Investment Company’s website: https://www.kdr-reit.com/fr/
[Provisional Translation Only]
The English translation of the original Japanese document is provided for informational purposes only.
In the event of any discrepancy between this translation and the Japanese original, the latter shall prevail.
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Disclaimer
Kenedix Residential Next Investment Corporation published this content on November 26, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 26, 2021 07:19:01 AM UTC.
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