Activia Properties Inc. announced borrowing of funds. Lender: Mizuho Trust & Banking Co. Ltd., Resona Bank, Limited and The Bank of Fukuoka Ltd. Loan amount is JPY 4.5 billion, interest rate is 0.125%+Base rate, Drawdown date is March 29, 2024, Due date is September 29, 2026 and Borrowing and repayment methods, security, and guarantee: Borrowing based on a borrowing agreement with the lenders shown at left as the creditor, lump-sum repayment, unsecured, and unguaranteed.

Lender: Shinkin Central Bank and The Norinchukin Bank. Loan amount is JPY 1 billion, Drawdown date is March 29, 2024, Due date is March 29, 2031 and Borrowing and repayment methods, security, and guarantee: Borrowing based on a borrowing agreement with the lenders shown at left as the creditor, lump-sum repayment, unsecured, and unguaranteed. API will use the funds from the borrowings to redeem a long-term borrowing of JPY 5.5 billion with a due date of March 29, 2024.