[For Translation Purposes Only]
February 17, 2022
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 ¥11,250 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 February 28, 2022.
2.Details
Loan Type:Term Loan (Scheduled contract date: February 24, 2022)
Amount | Drawdown | Repayment | Terms of | ||||
Lenders | (millions | Interest Rate | Term | Collateral | |||
Date | Date(Note1) | Repayment | |||||
of yen) | |||||||
Sumitomo Mitsui Trust Bank, | 1,500 | Fixed | 7 years | February 26, | |||
(To be determined) | |||||||
Limited | 2029 | ||||||
(Note2) (Note3) | Lump-sum | ||||||
Fixed | February 28, | 9 years | August 26, | repayment | Unsecured, | ||
Mizuho Bank, Ltd. | 3,500 | (To be determined) | and 6 | on the | |||
(Note2) (Note3) | 2022 | month | 2031 | repayment | unguaranteed | ||
MUFG Bank, Ltd. | Fixed | February 26, | date | ||||
Sumitomo Mitsui Banking | 6,250 | (To be determined) | 10 years | ||||
2032 | |||||||
Corporation | (Note2) (Note4) | ||||||
Total | 11,250 |
(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 February 24, 2022 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 February and August, beginning August 26, 2022, 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 and November, beginning May 26, 2022, 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 | : ¥ 11,250 million |
- 1 -
② | Specifics | : | To be used for repayment of the existing borrowings based on each term |
loan(Note) agreement totaling ¥11,250 million which will mature on February 28, | |||
2022. | |||
(Note) For details of each term loan agreement, please refer to the press releases "Notice Concerning | |||
Debt Financing" announced by Nomura Real Estate Residential Fund, Inc. on February 25, 2014 | |||
and the press releases "Notice Concerning Debt Financing" announced by Nomura Real Estate | |||
Office Fund, Inc. on March 25, 2014 and August 22 2014. | |||
③ | Scheduled Date of Use | : | February 28, 2022 |
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(Note 1) | Debt(Note 1) | |||
Short-term Borrowings | - | - | - | |
Current portion of Long-term | 36,272 | 25,022 | ▲11,250 | |
borrowings (Note 2) | ||||
Long-term borrowings(Note 3) | 449,483 | 460,733 | +11,250 | |
Total Borrowings | 485,756 | 485,756 | - | |
Current portion of Investment | - | - | - | |
Corporation Bonds (Note 2) | ||||
Investment Corporation Bonds | 32,000 | 32,000 | - | |
(Note 4) | ||||
Total Investment Corporation | 32,000 | 32,000 | - | |
Bonds | ||||
Total Interest-Bearing Debts | 517,756 | 517,756 | - |
(Note 1) Both columns indicate figures excluding the repayment of ¥21.4 million of the agreed repayments scheduled for February 28, 2022.
(Note 2) Nature of term is as of the end of the 12th fiscal period (August 31, 2021). (Note 3) Excludes Long-term Borrowings due within one year.
(Note 4) 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 February 28, 2022 (September 1, 2021 to February 28, 2022) and the fiscal period ending August 31, 2022 (March 1, 2022 to August 31, 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 November 29, 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 17 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2022 06:53:05 UTC.