June 8, 2022
For immediate release
Advance Residence Investment Corporation
Securities Code：3269
1-105Kanda-Jinbocho, Chiyoda-ku, Tokyo
Wataru Higuchi, General Manager
Asset management company:
ITOCHU REIT Management Co., Ltd.
Junichi Shoji, Managing Director, President
& CEO
Requests:
Isao Kudo, General Manager
PHONE. 0120-938-469
Notice Regarding Debt Financing and Loan Repayment
Advance Residence Investment Corporation (ADR) today announced its decisions to borrow funds to repay a maturing loan.
1. Debt financing (draw date: June 17, 2022)
- Debt financing details
|
(JPY: million) |
|||||||||||||||
|
Intended |
Program |
Director |
Repayment |
Director |
Collateral/ |
||||||||||
|
Lender |
Sampling |
Interest rate |
Repayment |
||||||||||||
|
Rising |
Period |
Repayment |
Guarantee |
||||||||||||
|
Date |
Date |
||||||||||||||
|
June |
Not fixed (Note 1) |
June |
Pay in full |
Not guaranteed |
|||||||||||
|
Shinsei Bank |
1,000 |
7.0 years |
on the |
||||||||||||
|
17, 2022 |
15, 2029 |
due date |
Not guaranteed |
||||||||||||
(Note 1) Loan interest rate will be announced separately. Interest payment dates are the last business day of January, April, July, October, beginning July 29, 2022 and ending on the principal repayment date.
1
[Provisional Translation]
This 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.
(2) Purpose of Debt Financing
Repay an existing loan due June 17, 2022
(3) Details of loan to be repaid
|
(JPY: million) |
|||||||||||||||
|
Intended |
Program |
Director |
Repayment |
Director |
Collateral/ |
||||||||||
|
Lender |
Sampling |
Interest rate |
Repayment |
||||||||||||
|
Rising |
Period |
Repayment |
Guarantee |
||||||||||||
|
Date |
Date |
||||||||||||||
|
December |
1.31500% (Note 2) |
June |
Pay in full |
Not guaranteed |
|||||||||||
|
Shinsei Bank |
1,000 |
8.5 years |
on the |
||||||||||||
|
19, 2013 |
17, 2022 |
due date |
Not guaranteed |
||||||||||||
|
(Note 2) The interest rate is fixed by interest rate swap. |
Registration document: Debt financing balance (as of June 17, 2022)
|
（JPY: million） |
|||||
|
Before refinancing(Note 3) |
After refinancing |
Increase decrease) |
|||
|
Short term loan (Note4) |
1,000 |
1,000 |
– |
||
|
Long term loans (Note4) |
189 309 |
189 309 |
– |
||
|
Total loans |
190 309 |
190 309 |
– |
||
|
Corporate investment bonds |
36,600 |
36,600 |
– |
||
|
Total interest-bearing debt |
226 909 |
226 909 |
– |
(Note3) As of June 16, 2022
(Note 4) Short-term loans are loans with a maturity of less than one year from the draw 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 460 billion yen). ADR can be expected to have a stable long-term dividend and can be considered a defensive J-REIT, thanks to stable income from residential assets and with the largest dividend pool among J-REITs.
ADR website: https://www.adr-reit.com/en/
2
[Provisional Translation]
This 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.
