Translation Purposes Only
January 27, 2021
For Immediate Release
Real Estate Investment Trust Securities Issuer
1-1-1 Akasaka, Minato-ku, TokyoXYMAX REIT Investment Corporation
Representative: Nobuhito Inatsuki, Executive Director(Securities Code: 3488)
Asset Management Company
XYMAX REAL ESTATE INVESTMENT ADVISORS Corporation
Representative: Nobuhito Inatsuki, Representative Director
Contact:
Tatsuya Nakayama
Head of Business Planning Division
TEL: +81-3-5544-6880

Notice Concerning Borrowings of Funds and Conclusion of Interest Rate Swap Agreement
XYMAX REIT Investment Corporation (hereinafter, “XYMAX REIT”) announces today that it decided to borrowfunds (the “Borrowings”) and conclude an interest rate swap agreement as described below;
I. Borrowing of Funds
1. Details of Borrowings
Category(Note 1)

LenderBorrowingAmount(millionyen)

Interest
Rate

500

Base
rate+ 0.15%(Note 3)(Note 4)Jan. 31,
2022

150

Base
rate+ 0.25%(Note 3)(Note 4)Jan. 31,2023

Drawdown
Date

Borrowing
MethodMaturityDate(Note 2)

Principal
Repayment
methodCollateral

Mizuho Bank,Ltd.
Shortterm

Sumitomo
MitsuiBankingCorporation
The Chiba
Bank, Ltd.
MUFG Bank,Ltd.
The Bank ofFukuoka, Ltd.
Resona Bank,
LimitedLongtermThe
Hiroshima
Bank, Ltd.

630

Baserate+ 0.35%(Note 3)(Note 4)(Note 5)1,920

0.53132%(Fixedrate)(Note 4)The Chiba
Bank, Ltd.
Mizuho Bank,
Ltd.
Sumitomo
MitsuiBanking
Corporation

Jan. 29,
2021

Borrowingbased on a
Loanagreementwith thelenders
shown
at left as
lenderLump-sum
repayment
atmaturity

Unsecured
Nonguaranteed

Jan. 31,2024

Jan. 31,2025

Disclaimer: This press is a public announcement concerning borrowing of funds and Conclusion of Interest Rate Swap Agreementof XYMAX REIT, and has not been prepared for the purpose of soliciting investment.

MUFG Bank,Ltd.
The Nishi‐Nippon CityBank, Ltd.
Resona Bank,
LimitedShinsei Bank,
Limited
Aozora Bank,Ltd.
The Higo
Bank, Ltd.
Mizuho Trust& Banking Co.,Ltd.
Mizuho Bank,
Ltd.
Sumitomo
Mitsui
Banking
Corporation

1,050

0.64509%(Fixedrate)(Note 4)

4,250-

Aozora Bank,
Ltd.

Jan. 31,2026

The Higo
Bank, Ltd.

Total amount-----(1) “Short-term” refers to borrowing for a period from the drawdown date to the maturity date of one year or less. “Long-term”
refers to borrowing for a period from the drawdown date to the maturity date of more than one year.
(2) If the maturity date is a non-business day, it shall be the following business day. If such day falls in the following month, it shallbe the immediately preceding business day.
(3) The base rate applicable to the period for the calculation of the interest payable on an interest payment date is the JBA onemonth Japanese Yen TIBOR as of a date two business days prior to the interest payment date immediately preceding eachinterest payment date. However, if the base rate applicable to the calculation period doesn’t exist, the base rate will be the one
corresponding to the period that will be calculated based on a method provided in the agreement. Please refer the website ofthe JBA TIBOR Administration (http://www.jbatibor.or.jp/english) for the JBA Japanese Yen TIBOR.
(4) The interest payment will be made on February 28, 2021 and the last day of each month thereafter as well as on the maturity
date. (If an interest payment date is a non-business day, it shall be the following business day. If such day falls in the following
month, it shall be the immediately preceding business day.)(5) The interest rate will be converted into a fixed rate through an interest rate swap agreement. For details, please refer to “II.
Conclusion of Interest Rate Swap Agreements” below.

2. Reasons for the Borrowings
XYMAX REIT will use the Borrowings to redeem a short-term borrowings of 1,914 million yen and a long-termborrowings of 2,336 million yen due on January 29, 2021 (the “Existing Borrowings”) .
3. Amount, use and schedule of expenditure of funds to be procured(1) Total amount
Disclaimer: This press is a public announcement concerning borrowing of funds and Conclusion of Interest Rate Swap Agreementof XYMAX REIT, and has not been prepared for the purpose of soliciting investment.

4,250 million yen in total(2) Specific purpose of use
Funds will be used to repay the Existing Borrowings(3) Scheduled date of expenditure
January 29, 2021
4. Interest-bearing debt balance after the Borrowings

Short-term loans (Note 1)
Long-term loans (Note 2)
Total loans
Investment corporation bonds
Total loans and investment corporation bonds
Other interest-bearing liabilities
Total interest-bearing liabilities

Before theBorrowing
1,914
10,866
12,78012,78012,780(Unit: million yen)
After theIncrease
Borrowing(Decrease)500(1,414)
12,2801,414
12,78012,78012,780-(Note 1) “Short-term loans” refer to loans for a period from the drawdown date to the maturity date of one year or less.
(Note 2) “Long-term loans” refer to loans for a period from the drawdown date to the maturity date of more than one year.

II. Conclusion of Interest Rate Swap Agreement
1. Reason for conclusion of interest rate swap agreement
Of the loans stated in “I. Borrowing of Funds; 1. Details of borrowing”, an interest rate swap agreement isbeing concluded for the loans with the maturity on January 31, 2024 for the purpose of hedging therisk of interest rate fluctuations by converting interest rate payable into a fixed rate.
2. Details of interest rate swap agreement
Counterparty

Notional
principal(millionyen)

Interest rate

Commencement
date

Termination
dateInterest payment dates

The first interest
payment date shall bethe end of Feb. 28
NomuraFixed interest rate payable: 0.443%
2021, and subsequentJan. 29,Securities
630
Floating interest rate receivable:
Jan. 31 2024 interest payment dates
2021
Co., Ltd.
JBA 1-month JPY TIBOR + 0.35%
shall be the end of
every calendar month
thereafter and thematurity date(Note) Of the long-term loans stated in “I. Borrowing of Funds; 1. Details of borrowing”, conclusion of the interest rate swap
agreement will, in effect, convert the interest rate for the loans with the maturity on January 31, 2024 into a fixed rate at 0.443%.

III. Other
Concerning the risks to the Borrowings, etc. described above, there are no material changes from the“Investment risks” disclosed in the latest Securities Report submitted on November 30, 2020.

* XYMAX REIT website address: https://xymaxreit.co.jp/en/index.html

Disclaimer: This press is a public announcement concerning borrowing of funds and Conclusion of Interest Rate Swap Agreementof XYMAX REIT, and has not been prepared for the purpose of soliciting investment.