NEWS RELEASE
March 13, 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 andDebt Financing (Sustainability-Linked Loan)
Japan Real Estate Investment Corporation hereby announces its decision today to refinance an existing
short-term loan with a long-term loan before the due date as follows:

1. Prepayment of Short-Term Loan(I) Prepayment date:
March 15, 2023
(II) Overview of loan to be repaid before the due date:(1) Amount of loan
JPY 2,500 million(2) Lender
SBI Shinsei Bank, Limited(3) Interest rate
0.0918% (from February 15, 2023 through March 14, 2023)(4) Borrowing dateJune 15, 2022
(5) Method of borrowing
Loan based on overdraft agreement
Unsecured/unguaranteed loan(6) Interest payment date
The principal repayment date and the 15th of every monthin the period until the principal repayment date(7) Method of principal repayment Lump-sum repayment on the principal repayment date
(8) Principal repayment dateJune 15, 2023
(9) Disclosure dateJune 9, 2022
*There will be no early repayment fee due to this loan prepayment.
2. Debt Financing(I) Reason for the borrowing
To apply the following loan to the prepayment of the above mentioned loan of JPY 2.5 billion(II) Overview of the borrowing(1) Amount of loan
JPY 2,500 million(2) Lender
SBI Shinsei Bank, Limited(3) Interest rate
0.81875% (Note1)
1

(4)
(5)

Borrowing date
Method of borrowing(6)

Interest payment date

(7)
(8)

Method of principal repayment
Principal repayment date

March 15, 2023
Loan agreement dated March 13, 2023
Unsecured/unguaranteed loan
The principal repayment date and the 15th of every Marchand September in the period until the principal repayment
date (Note2)
Lump-sum repayment on the principal repayment date
March 15, 2033

(Note1) This borrowing will be procured through a sustainability-linked loan (“SLL”), whose loan terms are aligned withJRE’s achievement status of the following sustainability performance targets (“SPTs”) set beforehand.
・SPT 1: Reduce CO2 emissions by 80% by fiscal 2030 (Base year: Fiscal 2019 / Absolute basis)・SPT 2: Own five ZEBs (Net zero Energy buildings) by fiscal 2030
The applicable interest rate will be lower by 0.01% on the condition that either one of the above targets set asSPTs is achieved for the respective performance levels set for September 2023, September 2026, September 2029,
and September 2031, for the period until the performance level is next confirmed (for the time of finalconfirmation, the repayment date). Please refer to “Loans and Bonds” under Financial Summary of JRE’s website
https://www.j-re.co.jp/en_cms/finance/debt.html for the interest rate applicable after the performance level isconfirmed.
(Note2) 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 payableLong-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

46,50044,000-2,50022,00022,000±0337,700

340,200+2,500406,200

406,200±042,993

42,993±042,993

42,993±0449,193

449,193±04. Others
Regarding risks pertaining to this loan repayment, there is no material change to the descriptionsof “Investment risks” in the latest securities report submitted on December 26, 2022.

This is the English translation of the announcement in Japanese dated March 13, 2023.
No assurance or warranties are given for the completeness or accuracy of this English translation.

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