July 17, 2019
For Immediate Release
Advance Residence Investment CorporationSecurities Code：3269
1-105 Kanda-Jinbocho, Chiyoda-ku, Tokyo
Takeshi Takano, Executive Director
Asset Management Company:
AD Investment Management Co., Ltd.
Takeshi Takano, President
Inquiries:
Hiroshi Kawakami, Managing Director, CFO
TEL. +81-3-3518-0480
Notice Concerning Debt Financing and Repayment of Loan
Advance Residence Investment Corporation (ADR) announced today its decisions to borrow funds to repay loan
coming due.

1.

Debt Financing ( Drawdown Date; July 25, 2019 )(1) Details of the Debt Financing(JPY:million)
No.

LenderPlannedDrawdown
Date

1

MUFG Bank, Ltd.

July 25,
2019

Scheduled
Amount1,000

Interest Rate(fixed rate)

Principal
Repayment
date

Repayment
PeriodBase Rate(Note1)+0.10%

January31,
2020

0.05 year

Principal
Repayment

Collateral/
Guarantee

Pay in full on the
Unsecuredmaturity date Non-guaranteed(Note1) Interest payment dates are the last business day of every month starting October 2018 and ending on the principal repayment date.
JBA 1 month yen TIBOR rate of two business days prior to the latest interest payment date will be used as the base rate to calculate theapplicable interest rate for the current calculation period. If the calculation period is less than 1 month, the accrued interest will becalculated using the base rate applicable and according to the method described in the contract.
The floating interest rate for the loan will not be announced in the future. Please refer to JBA website(https://www.jbatibor.or.jp/english/ ) for the 1 month yen TIBOR.

(2) Purpose of the Debt Financing
To repay existing loans due on July 25, 2019.

(3) Scheduled Contract Date of the Debt Financing
July 23, 20191

2.

Details of Coming Due Loans to be Repaid(JPY:million)
No.

LenderDrawdown
Date

ScheduledAmountInterest Rate

1

MUFG Bank, Ltd.
Sumitomo Mitsui
Trust Bank, LimitedAozora Bank, Ltd.

June 25,2013

9,000 (Note2)

1.2800 % (Note3)

Principal
Repayment
Repayment
PeriodDate
July 25,2019

6.5 yearPrincipal
Repayment

Collateral/
Guarantee

Pay in full on the
Unsecuredmaturity dateNon-guaranteed(Note2) The loan will be repaid using the funds procured by the 1,000 million yen loan detailed on “1.Debt Financing (Drawdown Date; July25, 2019)”, 8,000 million yen will be repaid using Investment Corporation Bond that will be issued on July 25, 2019.
(Note3) The interest rate listed is the rate fixed using interest rate swap.

Reference Material: Debt Financing Balance (As of July 25, 2019)（JPY:million）

Before Refinancing(Note4)

Short-term Loans (Note5)Long-term Loans (Note5)
Total Loans
Corporate Investment Bonds
Total interest-bearing debt

1,000
195,318
196,318
29,000225,318

After Refinancing

Increase (Decrease)

2,000
186,318
188,318
37,000225,318

1,000(9,000)(8,000)8,000-(Note4) As of July 17, 2019.
(Note5) Short-term loans are loans with repayment dates within one year from the drawdown date and long-term loans are loans withrepayment dates that are more than one year away.

About Advance Residence Investment Corporation
Advance Residence Investment Corporation is the largest residential J-REIT, investing in over 260 rental apartments located mostly in central
Tokyo and in other major cities throughout Japan (AUM over 400 billion yen). ADR can be expected have a stable dividend in the long-term andcan be considered as a defensive J-REIT, on back of the stable income from residential assets and with the largest dividend reserve among
J-REITs. ADR’s website: https://www.adr-reit.com/en/[Provisional Translation Only]
English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

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