Yoshiaki Shiraki, President & Representative Director
Contact:
Kiyotaka Okano
General Manager, Financial and IR Department
Email: IR_PR@hhram.co.jp
Notice Concerning Debt Financing
Hankyu Hanshin REIT, Inc. (hereafter "HHR") announces its decision made today to undertake debt financing (hereafter the "Debt Financing") as described below.
Reason for Debt Financing
This fund will be allocated for the repayment of 2,000 million yen in borrowing executed on January 23, 2015.
Details of Debt Financing (Scheduled)
Category
Lender
Amount of debt
Interest rate
Drawdown
Lending and
Maturity
financing
(Note)
date
Repayment methods
date
(millions of yen)
Not
Unsecured/
Long-term
2,000
determined
January 31,
Non-guaranteed
January 30,
MUFG Bank, Ltd.
borrowing
Fixed
2022
Lump-sum
2032
interest rate
repayment
Total
2,000
Note: • The interest payment dates are the last day of every January and July with the first payment date being July 29, 2022 (or the previous business day if the applicable date is a non-business day of the bank).
• The interest rate is scheduled to be determined on January 27, 2022. It will be announced once it is determined.
1
3. Use for Funds
Capital for repayment of borrowing below:
Category
Lender
Amount of debt
Drawdown
Lending and
Maturity date
financing
date
Repayment methods
(millions of yen)
Unsecured/
Long-term
MUFG Bank, Ltd.
2,000
January 23,
Non-guaranteed
January 31,
borrowing
2015
Lump-sum
2022
repayment
Total
2,000
4. Balance of Interest-bearing Debt after Execution of Debt Financing
Before execution of
After execution of
Change
the debt financing
the debt financing
(millions of yen)
(millions of yen)
(millions of yen)
Short-term borrowings
-
-
±0
Long-term borrowings (Note)
69,400
69,400
±0
Total debt financing
69,400
69,400
±0
Investment corporation bonds
6,000
6,000
±0
Total interest-bearing liabilities
75,400
75,400
±0
Note: Long-term borrowings are loans with a repayment term (from the drawdown date until the maturity date) exceeding one year.
5. Others
The risks associated with the Debt Financing, such as risks of repayment, have not changed in any material way from the "risks associated with the fund procurement through additional issuance of new investment units, debt financing and issuance of investment corporation bonds" in the "Investment Risks" stated in the Securities Report for the 32nd fiscal period submitted on August 23, 2021.
Hankyu REIT Inc. published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 06:21:03 UTC.
Hankyu Hanshin REIT, Inc., formerly Hankyu REIT, Inc. is a real estate investment trust (REIT) company. It aims to achieve stable earnings and sustainable growth of its investment assets to maximize investment value from mid- to long-term perspectives, by investing in commercial and office buildings mainly located in the Kansai area, which consists of Osaka, Kyoto, Hyogo, Nara, Shiga and Wakayama prefectures.Its top ten properties based on investment ratio were HEP Five, NU chayamachi, Shiodome East Side Building, Sphere Tower Tennoz, Takatsuki-Josai Shopping Center, Kitano Hankyu Building, LaLaport KOSHIEN (site), Dew Hankyu Yamada, LAXA Osaka and Namba-Hanshin Building. Hankyu REIT's asset manager is Hankyu REIT Asset Management, Inc.