[For Translation Purposes Only]
July 13, 2021
For Immediate Release
To Whom It May Concern
Nomura Real Estate Master Fund, Inc.
Securities Code: 3462
Shuhei Yoshida, Executive Director
Asset Management Company:
Nomura Real Estate Asset Management Co., Ltd.
Koki Miura, President & Chief Executive Officer
Inquiries:
Hiroshi Ishigooka
Executive Officer
Head of NMF Investment Management Group
TEL +81-3-3365-8767nmf3462@nomura-re.co.jp
Notice Concerning Debt Financing
Nomura Real Estate Master Fund, Inc. ("NMF" or the "Fund") announced the decision made today that it will procure debt financing (the "Debt Financing") to refinance the existing debt totaling ¥4,180 million (the "Existing Debt") as described below.
I.Debt Financing
1.Purpose
The Fund has decided to procure the loan in order to repay current outstanding loans, which mature on July 26, 2021.
2.Details
Loan Type:Term Loan (Scheduled contract date: July 20, 2021)
Amount | Drawdown | Repayment | Terms of | ||||
Lenders | (millions | Interest Rate | Term | Collateral | |||
Date | Date(Note1) | Repayment | |||||
of yen) | |||||||
Fixed | 8 years | May 26, | Lump-sum | ||||
Mizuho Bank, Ltd. | 1,430 | (To be determined) | and 10 | ||||
2030 | repayment | ||||||
(Note2) (Note3) | July 26, | months | Unsecured, | ||||
on the | |||||||
Fixed | 2021 | 9 years | unguaranteed | ||||
Sumitomo Mitsui Banking | 2,750 | February 26, | repayment | ||||
Corporation | (To be determined) | and 7 | 2031 | date | |||
(Note2) (Note4) | months | ||||||
Total | 4,180 |
(Note 1) Repayment Date is the following business day if the date is a non-business day, or the prior business day if the following business date is in the next month.
(Note 2) These interest rates will be determined on or before the anticipated borrowing date based on the contract dated July 20, 2021 concerning these borrowings. We will make an announcement about the interest rates when they are determined.
(Note 3) The interest payment dates are the 26th of every May, November, beginning November 26, 2021, until the Repayment Date, as well as the Repayment Date. If any of these days is a non-business day, the interest payment date will be the following business day, or the prior business day if the following business day is in the next month.
(Note 4) The interest payment dates are the 26th of every February, May, August, November, beginning August 26, 2021, until the Repayment Date, as well as the Repayment Date. If any of these days is a non-business day, the interest payment date will be the following business day, or the prior business day if the following business day is in the next month.
3.Use of Funds
① | Amount | : | ¥ 4,180 million |
② | Specifics | : | To be used for repayment of the existing borrowings based on each term |
loan(Note) agreement totaling ¥4,180 million which will mature on July 26, 2021. | |||
(Note) For details of each term loan agreement, please refer to the press releases "Notice Concerning | |||
Debt Financing" announced by Nomura Real Estate Office Fund, Inc. on March 25, 2014. | |||
③ | Scheduled Date of Use | : | July 26, 2021 |
- 1 - |
II.Status of Interest Bearing Debts after Financing and Repayment of the Existing Debt
(Millions of Yen)
Before Financing and | After Financing and | Increased/Decrea | |||
Repayment of the Existing | Repayment of the Existing | ||||
sed Amount | |||||
Debt | Debt | ||||
Short-term Borrowings | - | - | - | ||
Current portion of Long-term | 40,569 | 36,389 | ▲4,180 | ||
borrowings (Note 1) | |||||
Long-term borrowings(Note 2) | 445,251 | 449,431 | +4,180 | ||
Total Borrowings | 485,820 | 485,820 | - | ||
Current portion of Investment | - | - | - | ||
Corporation Bonds (Note 1) | |||||
Investment Corporation Bonds | 32,000 | 32,000 | - | ||
(Note 3) | |||||
Total Investment Corporation | 32,000 | 32,000 | - | ||
Bonds | |||||
Total Interest-Bearing Debts | 517,820 | 517,820 | - | ||
(Note 1) Nature of term is as of the end of the 11th fiscal period (February | 31, 2021). | ||||
(Note 2) Excludes Long-term Borrowings due within one year. | |||||
(Note 3) Excludes Investment Corporation Bond due within one year. |
III.Forecasts of Financial Results
There is no revision to Nomura Master Fund's forecasts of financial results for the fiscal period ending August 31, 2021 (March 1, 2021 to August 31, 2021) and the fiscal period ending February 28, 2022 (September 1, 2021 to February 28, 2022) by the Debt Financing as it has only small impact to the forecast of financial results.
IV.Other
No significant change has been made to the content of "Section 1 Fund Information / 1 Status of Fund / 3 Investment Risks" of the Securities Report (in Japanese) filed on May 27, 2021 regarding the risk involved in the Debt Financing.
* URL: https://www.nre-mf.co.jp/en/- 2 -
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Nomura Real Estate Master Fund Inc. published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 06:32:03 UTC.