Translation of Japanese Original
March 25, 2021
To All Concerned Parties
REIT Issuer:
Kenedix Retail REIT Corporation
Representative: Moyuru Watanabe, Executive Director
(Securities Code: 3453)
Asset Manager:
Kenedix Real Estate Fund Management, Inc. Representative: Masahiko Tajima, President & CEO Contact: Koichiro Nobata, Head of Planning Division,
Retail REIT Department
TEL: +81-3-5157-6013
Notice Concerning Establishment of Commitment Lines
Kenedix Retail REIT Corporation ("KRR") announced today its decision to establish commitment lines as follows.
1. Purpose of establishing commitment lines
KRR decided to conclude commitment line agreements to secure flexibility and stability in financing method, for potential needs of funds.
The existing 1,000 million commitment line with Sumitomo Mitsui Banking Corporation will be renewed after expiring on March 31, 2021. Besides the commitment line, the existing 1,000 million yen commitment line with Mizuho Bank, Ltd. and MUFG Bank, Ltd. will be extended. The total limit of the commitment lines will be 3,000 million yen upon the execution of the commitment line agreements.
2. Description of commitment lines (as of April 1, 2021)
Counterparty | Limit of maximum amount (million yen) | Contract date | Contract period | Collateral |
Sumitomo Mitsui Banking Corporation | 1,000 | March 25, 2021 | April 1, 2021 to March 31, 2022 | Unsecured, unguaranteed |
Mizuho Bank, Ltd. | 1,000 | March 27, 2019 | April 1, 2021 to March 31, 2022 | |
MUFG Bank, Ltd. | 1,000 | March 29, 2019 | April 1, 2021 to March 31, 2022 |
3. Other matters
Risks pertaining to the debt financing remain unchanged from those listed in the securities report of KRR submitted on December 25, 2020.
KRR's website address:https://www.krr-reit.com/en/
This notice is the English translation of the Japanese announcement on March 25, 2021. However, no assurance or warranties are given for the completeness or accuracy of this English translation.
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Disclaimer
Kenedix Retail REIT Corporation published this content on 25 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2021 06:32:02 UTC.