[Translation for reference purposes only]
February 26, 2024

To all parties concerned:
Real Estate Investment Trust Securities Issuer:
Ooedo Onsen Reit Investment Corporation
Representative:
Takeshi Kirihara,
Executive Director(Securities Code: 3472)
Asset Manager:
APA Investment Management Co., Ltd.
Representative: Takeshi Kirihara,
Chief Executive Officer
Inquiries:
Tomohiro Honda,
Director, Chief Financial Officer(TEL: +81-3-6262-5456)
Notice Concerning Borrowing of Funds
Ooedo Onsen Reit Investment Corporation (hereinafter “the Investment Corporation”) announces that it has
decided today to undertake borrowings as detailed below.
1. Reason for the Borrowing
The proceeds of the loans will be allocated to constitute part of the funds for the repayment of long-term loans
5,362 million yen with a repayment date of February 29, 2024.
(Note) For details, please refer to “Notice Concerning Borrowing of Funds” announced on February 24, 2024. The balance of theExisting Loans prior to the undertaking of the Borrowing comes to 5,144 million yen, taking scheduled repayments andother factors into consideration.

2. Details of the Borrowing(1) Short-term loan (Note 1)(1) Lender(2) Loan amount(3) Interest rate (Note 3)(4) Drawdown date (Note 6)(5) Borrowing method

:::
:
:

(6) Interest payment date:

(Note 6)

(7) Principal repayment date :Syndicate with Sumitomo Mitsui Banking Corporation as the arranger (Note 2)
739 million yen
Base interest rate (JBA JPY TIBOR) (Note 4) (Note 5) plus 0.65%
February 29, 2024
Borrowing based on the individual loan agreement dated February 27, 2024with the lender above
The first interest payment date shall be the last day of March 2024, andsubsequent interest payment dates shall be the last day of every month thereafter
and the principal repayment date.
May 31, 2024

(Note 6)

(8) Principal repaymentmethod (Note 6)(9) Security::

8,917,499 yen shall be repaid on the last day of April 2024 with the balance tobe repaid on the principal repayment date.
Secured and unguaranteed1(2) Short-term loan
(1) Lender(2) Loan amount(3) Interest rate(4) Drawdown date(5) Borrowing method:::::(6) Interest payment date:

(7) Principal repayment date :(8) Principal repayment:
method(9) Security:

Sumitomo Mitsui Banking Corporation
195 million yen
Base interest rate (JBA JPY TIBOR) plus 0.65%
February 29, 2024
Borrowing based on the individual loan agreement dated February 27, 2024with the lender above
The first interest payment date shall be the last day of March 2024, andsubsequent interest payment dates shall be the last day of every month thereafter
and the principal repayment date.
February 28, 2025
The remaining principal shall be repaid on the principal repayment date.
Secured and unguaranteed(3) Long-term loan
(1) Lender(2) Loan amount(3) Interest rate(4) Drawdown date(5) Borrowing method:::::(6) Interest payment date:

(7) Principal repayment date :(8) Principal repayment:
method(9) Security:

Syndicate with Sumitomo Mitsui Banking Corporation as the arranger (Note 7)
4,204 million yen
Base interest rate (JBA JPY TIBOR) plus 0.85%
February 29, 2024
Borrowing based on the individual loan agreement dated February 27, 2024with the lender above
The first interest payment date shall be the last day of March 2024, andsubsequent interest payment dates shall be the last day of every month thereafter
and the principal repayment date.
February 26, 2027
The first repayment will be made on April 30, 2024. Subsequently, 33,885,819
yen will be repaid on the last day of every three months with the balance to be
repaid on the last principal payment date.
Secured and unguaranteed(Note 1)

“Short-term loan” refers to a loan where the principal is due within one year, and “long-term loan” refers to a loan
where the principal is due within a period of more than one year. The same applies hereinafter.
(Note 2) The syndicate consists of the Ogaki Kyoritsu Bank, Ltd., and Fukoku Mutual Life Insurance Company. Also,
Sumitomo Mitsui Banking Corporation can transfer their loan receivables for syndication.
(Note 3) Borrowing expenses, etc. payable to the lenders are not included. The same applies hereinafter.
(Note 4) The base interest rate applicable to a calculation period for the interest payable on each interest payment date shall be
the JBA Japanese yen TIBOR (Tokyo Interbank Offered Rate), as of two business days prior to the interest payment
date (in the case of the first interest calculation period, two business days prior to the borrowing date), which covers
the calculation period for such interest payable. However, in cases where the interest rate is not announced, the baseinterest rate for such interest calculation period shall be calculated based on the method provided for in the loanagreements. Further, each interest rate will be 0% when it is below 0%.
(Note 5) Please refer to the Japanese Bankers Association (JBA) TIBOR Administration’s website (https://www.jbatibor.or.jp/english/) regarding the Japanese yen TIBOR.
(Note 6) If this date falls on a day that is not a business day, the repayment date shall be the immediately following business
day or, if that immediately following business day falls in the next calendar month, the immediately preceding businessday.
(Note 7) The syndicate consists of Sumitomo Mitsui Banking Corporation, San ju San Bank, Ltd. Also, Sumitomo Mitsui
Banking Corporation can transfer their loan receivables for syndication.

2

3. Status of Loans, etc. after the Borrowing(Unit: million yen)
Before drawdown

After Drawdown

Increase or decrease

Short-term loans-934+934

Long-term loans (Note)

12,814

11,874(939)

12,814

12,809(5)---

12,814

12,809(5)---

12,814

12,809(5)

Total loans
Investment corporation bonds
Total amount of loans andinvestment corporation bonds
Other interest-bearing debt
Total interest-bearing debt

(Note) Long-term loans includes the current portion of long-term loans within a year.

4. Other Matters Necessary for Investors’ Appropriate Understanding and Judgment of the Subject Information
There is no change to the content of “Part I. Fund Information, I Status of Fund, 3. Investment Risks” of theSecurities Report for the fiscal period ended November 30, 2023 (15th fiscal period) submitted on February 26,
2024 due to the Borrowing.
* The Investment Corporation’s website: https://oom-reit.com/en/3