This translation of the original Japanese notice is provided solely for information purposes. Should there be any discrepancy between this translation and the Japanese original, the latter shall prevail.
April 21, 2022
REIT Issuer: Daiwa Office Investment Corporation (Stock Code No.: 8976)
Representative: Seiya Miyamoto, Executive Director
Asset Manager: Daiwa Real Estate Asset Management Co. Ltd. Representative: Yoshiki Nishigaki, President and Representative Director Inquiries to: Kentaro Azumi, General Manager, Corporate Division
(Tel: +81-3-6215-9649)
Notice Concerning Conclusion of Commitment Line Agreement
We hereby give notice that Daiwa Office Investment Corporation (the "Investment Corporation") decided today to conclude a commitment line agreement for a total of 2,500 million yen as below.
1. Reason for the Conclusion of the Agreement
The Investment Corporation decided to conclude commitment line agreement to secure flexibility and stability in financing method for potential needs of funds as well as to build a solid balance sheet.
2. Details of the Agreement
Commitment line provider | Daiwa Next Bank, Ltd. (Note) |
Maximum loan amount | 2,500 million yen |
Date of Signing Contract | April 21, 2022 |
Term of the Agreement | From April 28, 2022 to February 28, 2023 |
Collateral | Unsecured and unguaranteed |
Use of funds | Funds for property acquisition and debt repayment, etc. |
(Note) Daiwa Next Bank, Ltd. falls under the category of interested party under the internal rules on dealings with interested parties of Daiwa Real Estate Asset Management Co. Ltd. (the "Asset Manager"), to which the Investment Corporation entrusts the management of its assets. Consequently, the Asset Manager has conducted the decision making procedures set forth in the rules.
3. Other Matters Required for Investors to Appropriately Understand and Evaluate the Above Information
There arises no change in the content of the investment risks described at "1. Fund Information, 1-1 Status of Fund, 1-1-3 Investment Risk" of the Yukashouken Houkokusyo filed as of February 18, 2022 with respect to the risks involved in repayment of the borrowing.
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* Website URL of the Investment Corporation:https://www.daiwa-office.co.jp/en/
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Daiwa Office Investment Corporation published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 06:44:08 UTC.