NEWS RELEASE
June 5, 2023
For Immediate Release

Investment Corporation
Japan Real Estate Investment Corporation
Jo Kato, Executive Director(TSE code: 8952)
Asset Management Company
Japan Real Estate Asset Management Co., Ltd.
Shojiro Kojima , President & CEO
Contact: Masaru Motooka
Executive Officer & General Manager
Strategic Planning Department
Phone: +81‐3‐3211‐7951

Announcement of Loan Prepayment and Debt Financing
Japan Real Estate Investment Corporation hereby announces its decision today to repay part of an
existing short‐term loan before the due date and procure funds as follows:
1. Prepayment of Short‐Term Loan(I) Prepayment date:June 7, 2023
(II) Overview of loan to be repaid before the due date:(1)
Amount of loan to be prepaid
JPY 2,000 million(2)
Amount of loan
JPY 3,500 million (Note)(3)
Amount of loan outstanding
JPY 1,500 million
after the prepayment(4)
Lender
MUFG Bank, Ltd.
(5)Interest rate
0.09182% (from May 8, 2023 through June 6, 2023)(6)
Borrowing date
March 27, 2023
(7)
Method of borrowing
Loan based on overdraft agreement
Unsecured/unguaranteed loan
(8)Interest payment date
The principal repayment date and the 7th of every month in
the period until the principal repayment date
(9)
Method of principal repayment Lump‐sum repayment on the principal repayment date(10) Principal repayment date
March 7, 2024
(11) Disclosure date
March 23, 2023
*There will be no early repayment fee due to this loan prepayment.
(Note) The number stated in the “(2) Amount of loan” refers to the loan amount outstanding after the loan prepayment as
described in the press release titled “Announcement of Loan Prepayment and Debt Financing” dated May 1, 2023.

12. Debt Financing(I) Reason for the borrowing
To apply the following loan to the loan prepayment of JPY 2 billion described above(II) Overview of the borrowing(1) Amount of loan
(2) Lender(3) Interest rate(4) Borrowing date(5) Method of borrowing(6)

Interest payment date

(7)
(8)

Method of principal repayment
Principal repayment date

JPY 2,000 million
Saitama Resona Bank, Limited
0.7% (Fixed)
June 7, 2023
Loan agreement dated June 5, 2023
Unsecured/unguaranteed loan
The principal repayment date and the 7th of every June andDecember in the period until the principal repayment date(Note)

Lump‐sum repayment on the principal repayment dateJune 7, 2033

(Note) When an interest payment date is not a business day, the interest shall be paid on the following business
day or the immediately preceding business day if the following business day is in the following month.

3. Balance of interest‐bearing debt after the debt financing(Units: millions of JPY)

BeforeShort‐term loans payable
Long‐term loans payable(Variable interest rate)
Long‐term loans payable(Fixed interest rate)
Total loans
Investment corporation bonds
Total
investment corporation bonds
Total interest‐bearing debt

After

Increase/Decrease

36,50034,500‐2,00010,000

10,000±0343,200

345,200+2,000389,700

389,700±042,993

42,993±042,993

42,993±0432,693

432,693±0

4. Others
Regarding risks pertaining to this loan repayment, there is no material change to the descriptionsof “Investment risks” in the securities registration statement submitted on March 28, 2023.

This is the English translation of the announcement in Japanese dated June 5, 2023.
No assurance or warranties are given for the completeness or accuracy of this English translation.

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