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June 17, 2021
To all parties concerned
6-8-7 Ginza, Chuo-ku, Tokyo
Frontier Real Estate Investment Corporation
Takao Iwadou, managing director
(Security code: 8964)
Asset management company:
Mitsui Fudosan Frontier REIT Management Inc.
Shintaro Ono
Chairman of the Board and Representative
director
Requests:
Mitsui Fudosan Frontier REIT Management Inc.
Teruyuki Hayashi
Chief Finance Officer and Director
Tel: + 81-3-3289-0440
Note on the execution and repayment of long-term loans
Frontier Real Estate Investment Corporation (the “Investment Company”) hereby announces that it has decided to take out long-term loans. In addition, the investment company announces that it will repay long-term loans on June 21, 2021. Please see below for details.
1. Implementation of long-term loans
|
(1) |
purpose |
|
|
To be adjusted for the repayment of long-term loans by June 20, 2017. |
||
|
(2) |
details |
|
|
â‘ |
Claim date |
: June 21, 2021 |
|
â‘¡ |
Repayment of the capital |
: Payment in full on the due date |
|
â‘¢ |
Credit type |
: Unsecured, unguaranteed |
- Lender, Amount, Due Date and Interest Rate:
|
Lender |
quantity |
Due date |
interest rate |
|
|
Sumitomo Mitsui |
Â¥2,000 million |
21st December |
0.35500% |
|
|
Banking company |
2028 |
(The interest rate is fixed until the due date.) |
||
2. Long term loan repayment
Details on the repayment of the long-term loans on June 21, 2021 are as follows.
|
Lender |
Borrow |
Drawdown |
Maturity |
repayment |
Credit type |
||||
|
quantity |
date |
date |
of the headmaster |
||||||
|
Sumitomo Mitsui |
20th June, |
June 21st, |
Full payment |
||||||
|
Â¥2,000 million |
to maturity |
Unsecured |
|||||||
|
Banking company |
2017 |
2021 |
|||||||
|
date |
Not guaranteed |
||||||||
3. Change in the financial balance, etc.
|
(Unit |
: ¥Million) |
|||
|
In front |
After this |
deviation |
||
|
This refinancing |
This refinancing |
|||
|
Short term loans |
– |
– |
– |
|
|
Long term loans |
104,400 |
104,400 |
– |
|
|
Investment company |
11,000 |
11,000 |
– |
|
|
tie up |
||||
|
total |
115,400 |
115,400 |
– |
|
- Long termFinancial debt includes the remaining amount of financial debt due within one year.
4. Others
With regard to the loan repayment risk, there is no material change to the description of “investment risks†in the last securities report dated March 30, 2021.
Frontier Real Estate Investment Corporation website: https://www.frontier-reit.co.jp/en/
Disclaimer of liability
This information was originally published in the original Japanese language and has been translated for reference only. Frontier Real Estate Investment Corporation does not warrant the completeness or accuracy of this English translation. For full and detailed information, see the press release in Japanese. Furthermore, this press release is not intended as an incentive or solicitation to invest. All readers are advised to consult their own investment advisor before investing in the investment company. Investment decisions are made at the sole discretion and responsibility of the investor and are made at the investor’s own risk. The Investment Company and its affiliates disclaim any responsibility or liability for the consequences of investing in the Investment Company.
Disclaimer of liability
Frontier Real Estate Investment Corporation published this content on June 17, 2021 and is solely responsible for the information contained therein. Distributed by Publicity, unedited and unchanged, on June 17, 2021 7:01:01 AM UTC.
