Translation Purpose Only
January 15, 2021
To All Concerned Parties
6-8-7 Ginza, Chuo-ku, Tokyo
Frontier Real Estate Investment Corporation
Takao Iwadou, Executive Director
(Securities Code: 8964)
Asset Management Company:
Mitsui Fudosan Frontier REIT Management Inc.
Shintaro Ono
Chief Executive Officer and Representative Director
Inquiries:
Mitsui Fudosan Frontier REIT Management Inc.
Teruyuki Hayashi
Chief Finance Officer and Director
Tel: +81-3-3289-0440
Notice Concerning Execution and Repayment of Short-term Borrowing
Frontier Real Estate Investment Corporation (the "Investment Corporation") hereby announces that it has decided to execute short-term borrowing. The Investment Corporation, additionally, announces it would repay short-term borrowing on January 19, 2021. Details are provided below.
1. Execution of Short-term Borrowing
(1) | Purpose | |
To appropriate for the repayment of short-term borrowing as of October 19, 2020. | ||
(2) | Details | |
① | Drawdown Date | : January 19, 2021 |
② | Repayment of Principal | : Payment in full on the maturity date |
③ | Loan Type | : Unsecured, Unguaranteed |
- Lender, Amount, Maturity Date and Interest Rate:
Lender | Amount | Maturity Date | Interest Rate |
The 77 Bank, Ltd. | ¥1,000 Million | April 19, | 0.12409% |
2021 | (Interest Rate is fixed until the maturity date.) | ||
2. Repayment of Short-term Borrowing
Details of the repayment of short-term borrowing on January 19, 2021 are as follows.
Lender | Borrowing | Drawdown | Maturity | Repayment | Loan Type | ||||||||||||
Amount | Date | Date | of Principal | ||||||||||||||
October 19, | January 19, | Payment in full | Unsecured | ||||||||||||||
The 77 Bank, Ltd. | ¥1,000 Million | on the maturity | |||||||||||||||
2020 | 2021 | Unguaranteed | |||||||||||||||
date | |||||||||||||||||
3. Change in the Balance of Borrowings etc.
(Unit | : ¥Million) | |||
Before | After | Variance | ||
This refinance | This refinance | |||
Short-term Borrowings | 1,000 | 1,000 | - | |
Long-term Borrowings | 104,900 | 104,900 | - | |
Investment Corporation | 11,000 | 11,000 | - | |
Bonds | ||||
Total | 116,900 | 116,900 | - | |
- Long-termBorrowings include the balance of borrowings due within one year.
4. Others
Regarding the loan repayment risk, there is no important change to the "Investment risks" description in the latest securities report submitted on September 29, 2020.
Frontier Real Estate Investment Corporation website: https://www.frontier-reit.co.jp/eng/
Disclaimer
This information was originally publicized in the original Japanese language and has been translated for reference purposes only. Frontier Real Estate Investment Corporation guarantees neither the completeness nor the accuracy of this English translation. For complete and accurate information, please refer to the press release in Japanese. In addition, this press release is not prepared as an inducement or invitation for investment. All readers are advised to consult their own investment advisors before investing in the Investment Corporation. Investment decisions are made at the investor's sole discretion and responsibility and are made at their own risk. The Investment Corporation and its affiliates disclaim any responsibility or liability for the consequence of investment in the Investment Corporation.
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Frontier Real Estate Investment Corporation published this content on 15 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 January 2021 07:11:06 UTC