January 17, 2017
6-8-7 Ginza, Chuo-ku, Tokyo Frontier Real Estate Investment Corporation Kazuichi Nagata, Executive Director
(Securities Code: 8964)
Asset Management Company: Mitsui Fudosan Frontier REIT Management Inc.
Hiroshi Tanaka Chief Executive Officer and Representative Director
Inquiries: Mitsui Fudosan Frontier REIT Management Inc.
Akiko Kaito Chief Finance Officer and Director
Tel: +81-3-3289-0440
Notice Concerning the Execution and the Repayment of Short-term BorrowingsFrontier Real Estate Investment Corporation (the "Investment Corporation") hereby announces that it has decided to execute short-term borrowings. The Investment Corporation, additionally, announces it would repay short-term borrowings on January 19, 2017. Details are provided below.
The Execution of Short-term Borrowings
Purpose
To appropriate for the repayment of short-term borrowings as of December 19, 2016.
Details
① Drawdown Date : January 19, 2017
② Repayment of Principal : Payment in full on the maturity date
③ Loan Type : Unsecured, Unguaranteed
④ Lender, Amount, Maturity Date and Interest Rate:
Lender
Amount
Maturity Date
Interest Rate
Mizuho Bank, Ltd.
¥3,000 Million
February 20,
2017
0.06000%
(Interest Rate is fixed until the maturity date.)
The 77 Bank, Ltd.
¥1,000 Million
February 20,
2017
0.06000%
(Interest Rate is fixed until the maturity date.)
THE BANK OF FUKUOKA, LTD.
¥1,000 Million
February 20,
2017
0.06000%
(Interest Rate is fixed until the maturity date.)
The Repayment of Short-term Borrowings
Details of the repayment of short-term borrowings on January 19, 2017 are as follows.
Lender
Borrowing
Amount
Drawdown
Date
Maturity
Date
Repayment
of Principal
Loan Type
Mizuho Bank, Ltd.
¥3,000 Million
December 19,
2016
January 19,
2017
Payment in full on the maturity date
Unsecured Unguaranteed
The 77 Bank, Ltd.
¥1,000 Million
THE BANK OF
FUKUOKA, LTD.
¥1,000 Million
Change in the Balance of Borrowings
(Unit : ¥Million)
Before
This refinance
After
This refinance
Variance
Short-term Borrowings
5,000
5,000
-
Long-term Borrowings
78,400
78,400
-
Investment Corporation
Bonds
3,000
3,000
-
Borrowings Total
86,400
86,400
-
(*) Long-term Borrowings include the balance of borrowings due within one year.
Others
Regarding the loan repayment risk, there is no important change to the "Investment risks" description in the latest securities registration statement submitted on September 28, 2016.
This document is released to media organizations through the "Kabuto Club"(the press club of the Tokyo Stock Exchange), the Ministry of Land, Infrastructure and Transport Press Club, and the Press Club for the Ministry of Land, Infrastructure and Transport Construction Paper.
Frontier Real Estate Investment website: http://www.frontier-reit.co.jp/eng/
Disclaimer
This information was originally publicized in the original Japanese language and has been translated for reference purposes only. Frontier Real Estate Investment Corporation guarantees neither the completeness nor the accuracy of this English translation. For complete and accurate information, please refer to the press release in Japanese. In addition, this press release is not prepared as an inducement or invitation for investment. All readers are advised to consult their own investment advisors before investing in the Investment Corporation. Investment decisions are made at the investor's sole discretion and responsibility and are made at their own risk. The Investment Corporation and its affiliates disclaim any responsibility or liability for the consequence of investment in the Investment Corporation.
Frontier Real Estate Investment Corporation published this content on 17 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 January 2017 08:36:02 UTC.
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