MCUBS MidCity Investment : Notice Concerning Debt Financing (Determination of Interest Rates) and Conclusion of Interest-Rate Swap Agreement

July 29, 2020

To all concerned parties:

Investment Corporation

MCUBS MidCity Investment Corporation

Representative: Katsuhiro Tsuchiya, Executive Director

	TSE Code: 3227, LEI Code: 353800WZPKHG2SQS1P32
	URL: https://www.midcity-reit.com/english/
Asset Management Company
Mitsubishi Corp.- UBS Realty Inc.
Representative: Katsuji Okamoto, President & CEO
Inquiries:	Katsura Matsuo, Head of Office Division

TEL: [phone]

Notice Concerning Debt Financing (Determination of Interest Rates)

and Conclusion of Interest-Rate Swap Agreement

Regarding new debt financing in the press release "Notice Concerning Debt Financing" dated July 20, 2020, MCUBS MidCity Investment Corporation announced that the applicable interest rates for the borrowings have been determined as described below.

Additionally, it also announced that it has concluded an interest-rate swap agreement in connection with the new borrowing which was planned to enter into on July 31, 2020, as described below.

1. Determination of interest rate

Anticipated

Method of

Maturity

Amount

Debt

Interest rate

borrowing,

Lender(s)

borrowing

date

outstanding

term

(Note1)

repayment of

date

(Note2)

principal

1

Mizuho Bank, Ltd.,

million

years

Fixed

0.72630％

2030

Mizuho

Loan

Aozora Bank, Ltd,

¥3,350

10

July 31,

Trust & Banking Co., Ltd.

2

million

years

Fixed

0.74000％

2030

Loan

MUFG Bank, Ltd.

¥1,100

10

July 31,

Mizuho Bank, Ltd.,

¥3,700

9.5

0.69130％

Jan. 31,

Loan

Development Bank of Japan,

Fixed

3

Inc.,

million

years

Unsecured and

2030

Resona Bank, Limited.

¥700

0.70500％

July 31,

unguaranteed,

Jan. 31,

4

MUFG Bank, Ltd.

years

Fixed

2020

lump sum

million

2030

Loan

9.5

repayment

5

The Bank of Fukuoka, Ltd.

¥750

years

Fixed

0.65630％

July 31,

million

2029

Loan

9

7

The Minato Bank, Limited

¥800

years

Fixed

0.55255％

Jan. 31,

million

2028

Loan

7.5

9

The Hiroshima Bank, Ltd.

¥500

years

Fixed

0.37315％

Jan. 31,

million

2025

Loan

4.5

Notes:

1. Interest payment dates are the last business days of January, April, July and October of every year and the principal repayment date (the next business day if the corresponding date falls on a non-business day, and the preceding business day if such next business day is included in the next month).
2. The next business day if the corresponding date falls on a non-business day, and the preceding business day if such next business day is included in the next month.

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2. New borrowing in connection with the interest-rate swap agreement

Anticipated

Method of

Maturity

Amount

Debt

borrowing,

Lender(s)

Interest rate

borrowing

date

outstanding

term

repayment of

date

(Note)

principal

Base

Loan

Sumitomo Mitsui Trust

¥1,700

8

interest rate

July 31,

Floating

(JBA 3-

6

Bank, Limited

million

years

month yen

2028

TIBOR)

Unsecured and

+0.375%

July 31,

unguaranteed,

Base

2020

lump sum

interest rate

repayment

Loan

Sumitomo Mitsui Banking

¥1,700

5

Floating

(JBA 3-

July 31,

8

Corporation

million

years

month yen

2025

TIBOR)

+0.279%

Note:

The next business day if the corresponding date falls on a non-business day, and the preceding business day if such next business day is included in the next month.

3. Details of the interest-rate swap agreement

			Loan 6		Loan 8
1. Guarantor	MUFG Bank, Ltd.		MUFG Bank, Ltd.
2.	Estimated principal	¥1,700 million		¥1,700 million
		Fixed interest payment	0.53450%		0.38700%
3.	Interest rate	Variable interest	Base interest rate (JBA 3-month yen		Base interest rate (JBA 3-month yen
		receipt	TIBOR) +0.375%		TIBOR) +0.279%
4.	Contract start date	July 31, 2020		July 31, 2020
5.	Contract end date(Note2)	July 31, 2028		July 31, 2025
			Fixed interest payment and variable receipt are due on the end of January, April, July
			and October of every year and on the principal repayment date (the next business day
6. Interest payment dates	if the corresponding date falls on a non-business day, and the preceding business day
			if such next business day is included in the next month).
			The first payment date is October 31, 2020.
Notes:

1. The variable interest rate will be fixed at 0.53450% for Loan 6 and 0.38700% for Loan 8 with the interest-rate swap agreement.
2. The next business day if the corresponding date falls on a non-business day, and the preceding business day if such next business day is included in the next month.

This English language release is for informational purposes only, and the Japanese language release should be referred to as the original.

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