December 21, 2020
FOR IMMEDIATE RELEASE
Activia Properties Inc.
21-1, Dogenzaka 1-chome, Shibuya-ku, Tokyo
Kazushi Sato
Executive Director(Code: 3279)
Asset Management Company
TLC REIT Management Inc.
Hiroyuki Tohmata
President & CEOInquiries
Kazuyuki Murayama
General Manager of Strategy Department
Activia Management Division(Tel: +81-3-6455-3377)

Notice Concerning Borrowings of Funds
Activia Properties Inc. (“API”) announces today that it decided to borrow funds (the “Borrowings”).
Details are as follows:1.

Details of the borrowings< Long-term borrowings>
Borrowing andrepaymentLoanInterest
Drawdown
Due date
Lendermethods,
amountrate
date (plan)(Note 1)security, andguarantee
Borrowing basedon a borrowing
agreement with
To be
Mizuho Trust & Banking Co., Ltd.
the lenders
5
determined
The Bank of Fukuoka, Ltd.
January 12,
July 12,shown at left asbillion(Fixed rate)
The 77 Bank, Ltd.
2021
2028
the creditor,yen(Note 2)
The Nishi-Nippon City Bank, Ltd.
lump-sum(Note 3)
repayment,
unsecured, andunguaranteed
Borrowing basedon a borrowing
agreement with
Sumitomo Mitsui Trust Bank, Limited
To be
the lendersMizuho Bank, Ltd.
6.7
determined
January 12,January 12,
shown at left as
MUFG Bank, Ltd.
billion(Fixed rate)
2021
2030
the creditor,
Sumitomo Mitsui Banking Corporationyen(Note 2)lump-sum
Development Bank of Japan Inc.
(Note 3)
repayment,unsecured, andunguaranteed(Note 1) If the due 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.
(Note 2) Interest rate of the borrowing will be announced upon the determination.
(Note 3) The interest payment will be made on the last day of July 2021 and the last days of January and July in each year
thereafter as well as on the due date of the principal. (If an interest payment date is a non-business day, it shall be thefollowing business day. If such day falls in the following month, it shall be the immediately preceding business day.)12． Reasons for the borrowings
API will use the borrowings to redeem a short-term borrowing of 5 billion yen (the “Existing Short-termBorrowing”) and a long-term borrowing of 6.7 billion yen (the “Existing Long-term Borrowing”) both with a due
date of January 12, 2021. For the details of the Existing Short-term Borrowing, please refer to “Notice Concerning
Borrowings of Funds” released on December 24, 2019 and for the details of the Existing Long-term Borrowing,
please refer to “Notice Concerning Borrowing of Funds” released on December 9, 2013.
3． Amount, use and schedule of disbursement of funds to be raised(1) Total amount11.7 billion yen in total(2) Specific purpose of use
Funds will be used to redeem the Existing Short-term Borrowing and the Existing Long-term
Borrowing(3) Scheduled date of disbursement
January 12, 2021
4．Status of borrowings payable, etc. after the Borrowings(1) Interest-bearing debt balance after the Borrowings(In millions of yen)
Beforethe Borrowings(As of December 21,2020)
Short-term borrowings

Afterthe Borrowings(As of January 12,2021)

Change6,518

1,518(5,000)

20,95025,0504,100

195,400

196,300

900

222,868

222,8680

Investment corporation bonds
to be redeemed within one year000

Investment corporation bonds

21,50021,5000244,368

244,3680(Note)

Long-term borrowings
to be repaid within one year
Long-term borrowings(Note)

Total amount of borrowings

Total amount of borrowings andinvestment corporation bonds(Note) Short-term borrowings refer to borrowings with a maturity period of one year or less, and long-term borrowings refer
to borrowings with a maturity period of more than one year.

2(2) Basic financing information after the Borrowings
Beforethe Borrowings(As of December 21,2020)

After
the Borrowings(As of January 12,2021)

97.3%

99.4%

2.0

88.8%

89.1%

0.4

89.9%

92.0%

2.0Long-term borrowing ratio(Note 1) (Note 4)Long-term borrowing ratio(excluding the long-term borrowings
to be repaid and investment
corporation bonds to be redeemedwithin one year) (Note 2) (Note 4)
Fixed interest ratio(Note 3) (Note 4)

Change(point)(Note 1) Long-term borrowing ratio is the ratio of the outstanding long-term borrowings (including the long-termborrowings to be repaid within one year) and investment corporation bonds (including the investment corporation
bonds to be redeemed within one year) to the total of outstanding interest-bearing debt.
(Note 2) Long-term borrowing ratio (excluding the long-term borrowings to be repaid and investment corporation bonds
to be redeemed within one year) is the ratio of the outstanding long-term borrowings (excluding the long-termborrowings to be repaid within one year) and investment corporation bonds (excluding the investment corporation
bonds to be redeemed within one year) to the total of outstanding interest-bearing debt.
(Note 3) Fixed interest ratio is the ratio of the total of outstanding interest-bearing debt with fixed interest rates to the totalof outstanding interest-bearing debt. The total of outstanding interest-bearing debt with fixed interest rates
includes debts whose interest rates were converted into fixed interest rates by interest rate swap agreements.
(Note 4) Figures are rounded to the first decimal place.

5．Other
Regarding the risks related to the repayment of the Borrowings, there are no significant changes in the“Investment Risk” section of the securities report submitted on August 24, 2020.

*Website of API: https://www.activia-reit.co.jp/en/3