January 24, 2017
For Immediate Release
Real Estate Investment Trust Securities Issuer
Star Asia Investment Corporation
Representative: Atsushi Kato, Executive Officer(Code: 3468)
Asset Management Company
Star Asia Investment Management Co., Ltd.
Representative: Atsushi Kato
President and CEO
Contact: Toru Sugihara
Director and CFO
TEL: 03­5425­1340

Notice Concerning of Debt Financing
Star Asia Investment Corporation (SAR) announces today it has decided on debt financing (the “Borrowing”), as
described below.
1. Details of Borrowing(1) Lender(2) Borrowing amount(3) Interest rate(4) Date of borrowing(5) Borrowing method(6) Maturity date(7) Repayment method(8) Security

Sumitomo Mitsui Banking
Corporation
300,000,000 yen

Mizuho Bank, Ltd.
300,000,000 yen

Base interest rate 0.2% (Note 1) (Note 2)
February 1, 2017
Borrowing based on individual term loan agreement dated January 30, 2017
based on a basic agreement dated April 15, 2016 assuming Sumitomo Mitsui
Banking Corporation as agent.
April 20, 2017
Lump sum repayment on maturity date (Note 3)
Unsecured and unguaranteed(Note 1) The first interest payment date is March 21, 2017 and the second (final) interest payment date is April 20, 2017.
(Note 2) Base interest rate applicable to the calculation period of interest to be paid on each interest payment date is the 1month interest rate among the Japanese Yen TIBOR announced by JBA TIBOR Administration at 11 a.m. or at apoint of time after 11 a.m. and close to 11 a.m. as possible on the date on which the interest rate is determined
during the concerned calculation period for each interest (two business days prior to the date when individual loan
is implemented for the first interest payment date and two business days prior to each interest payment date whichis the first day during the concerned interest calculation period for the second interest payment date and after).
However, in case the concerned interest rate is not announced for some reason, base rate corresponding to theconcerned period and calculated based on methods determined in the contracts will be used. For the base interest
rate Japanese Yen TIBOR announced by the JBA TIBOR Administration, please check with the JBA TIBOR
Administration website (http://www.jbatibor.or.jp/english/rate/).
(Note 3) If certain requirements, such as advance notification in writing by SAR, are met during the period after
implementing borrowings indicated above and before the maturity date, SAR is eligible to repay the borrowed
amounts either in whole or in part prior to the maturity date.

2. Reasons for Borrowing
To be allocated for the acquisition trust beneficiary interest in trust (Property name: Urban Park Gokokuji, planned
acquisition price: 1,460 million yen) described in “Notice Concerning Acquisition and Transfer of Real Estate
Beneficiary Interests in Trust” announced on December 5, 2016 and partial repayment of acquisition­relatedexpenses.

1

3. Total amount to be procured, use of funds and schedule of expenditure(1) Amount to be procured
600,000,000 yen in total(2) Specific use of funds to be procured and schedule of expenditureSpecific use of funds
AmountTo be allocated for the acquisition of trust
beneficiary interest in trust (Property name: Urban
600 million yenPark Gokokuji) and partial repayment ofacquisition­related expenses

Schedule of expenditure
February 1, 2017

4. Status of Loans etc. after Borrowing

Short­term borrowings (Note)Long­term borrowings (Note)
Total borrowings
Investment corporation bonds
Total borrowings and Investment corporation bonds
Other liabilities
Total liabilities(Unit: million yen)
ChangeBeforeBorrowing
1,000
29,20030,200AfterBorrowing
1,600
29,20030,80030,20030,800600

30,20030,800

600

600
0600

(Note) Short­term borrowings refer to borrowings due within one year, and long­term borrowings refer to borrowings due within
one year or more.

5. Future Outlook
There are no revisions to operating results forecasts as the impact of the Borrowing on SAR’s operating results
forecasts for the fiscal period ending July 31, 2017 (February 1, 2017 ­ July 31, 2017) announced on December 5,2016 is minimal.
6. Other Matters Required for Investors to Appropriately Understand and Evaluate the Above Information
In conjunction with the risks pertaining to the repayment of the Borrowing, etc., there are no changes to “Part 1.
Fund Information, I. Overview of the Fund, 3. Investment Risks” stated in the Securities Registration Statement
submitted on October 28, 2016.
* This material is distributed to the press club of the Tokyo Stock Exchange (Kabuto Club), the press club of theMinistry of Land, Infrastructure, Transport and Tourism, and the press club for construction trade publicationsof the Ministry of Land, Infrastructure, Transport and Tourism.
* Star Asia Investment Corporation website address: http://starasia­reit.com/en/2