For Translation Purposes Only
March 24, 2014
For Immediate Release
Nomura Real Estate Master Fund, Inc.
Takashi Kataoka, Executive Director(Securities Code: 3285)
Asset Management Company:
Nomura Real Estate Asset Management Co., Ltd.
Yasuaki Fukui, President and Chief Executive Officer
Inquiries: Takashi Kataoka, NMF Chief Investment Officer
TEL: +81-3-3365-8767
EMAIL: nmf3285@nomura-re.co.jp

Notice Concerning Debt Financing and Repayment of Debt Financing
Nomura Real Estate Master Fund, Inc. (“Nomura Master Fund” or the “Fund”) announced
today that the Fund will procure debt financing and will repay debt financing as stated below.
1. Purpose
Nomura Master Fund has decided to procure the long-term debt financing (term for 8 years and2 months with floating-rate, 5.5 billion yen) on March 26, 2014 (please refer to “2. Details ofDebt Financing” as stated below) and to procure the debt repayment (8.5 billion yen) ahead ofrepayment date, May 26, 2014 (for the details of the debt repayment, please refer to “3. Detailsof Repayment of Debt Financing” as stated below) on the same date, using above long-term
debt and cash on hand.
Nomura Master Fund expects to improve financial stability and to enhance cash efficiency, bydiversifying repayment dates of short-term borrowings of 16.5 billion yen and utilizing cash on
hand, scheduled to repay on May 26, 2014 (please refer to “4. (Reference) The details of theShort-Term Borrowings maturing on May 26, 2014” stated below) from these measures.
2. Details of Debt Financing(1) Long-Term Borrowing (Term for 8 years and 2 months)
1.

Lenders

:

2.
3.
4.
5.

AmountInterest Rate
Drawdown Date
Loan Type::::6.

Repayment Date:7.
8.

Terms of Repayment
Interest Payment Date::

9.

Collateral:

The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking
Corporation, Mizuho Bank, Ltd.
¥5.5 billion
Basic Interest Rate (JBA 3 months JPY TIBOR) + 0.61% p.a. *March 26, 2014
Term Loan(8 years and 2 months with floating-rate, contracted on March 24,2014)
May 26, 2022 (or the following business day if the date is a
non-business day, or the prior business day if the following businessdate is in the next month)Lump-sum repayment on the repayment date
May 26, 2014, the first interest payment date, and 26th of every
February, May, August, and November thereafter until February 26,
2022, and the Repayment Date. (or the following business day if thedate is a non-business day, or the prior business day if the following
business date is in the next month)
Unsecured, unguaranteed1

* Due to the swap agreement, the interest rate will be fixed at 1.25900% until the repayment of the 8 years and 2months Loan, as stated in “Notice Concerning Concluding Interest-Rate Swap Agreement” announced today.
Basic Interest Rate, which applies to the calculation period of the interest rate to be paid on the Interest Payment Date,will be determined two business days before the previous Interest payment Date (the first interest rate calculation
period being the Date of Loan). Refer to Japanese Bankers Association website regarding the JBA Japanese Yen
TIBOR. (http://www.zenginkyo.or.jp/en/tibor/)

3. Details of Repayment of Debt Financing
Following term loan will be paid in advance to the maturity date. No penalty is required by thisadvanced repayment.
1.

Lenders:

2.
5.

AmountLoan Type::

6.

Scheduled
Date

Repayment :The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking
Corporation, Mizuho Bank, Ltd.
¥8.5 billion
Term Loan (1 year with floating-rate, contracted on July 26, 2013)(Note)March 26, 2014

(Note) For the details of the above term loan agreement, please refer to “4. (Reference) The details of theShort-Term Borrowings maturing on May 26, 2014 / (2) Short-Term borrowing (Term for 1 year)” as
stated below.

4. (Reference) The details of the Short-Term Borrowings maturing on May 26, 2014
(1) Short-Term Borrowing (Term for 1 year)
1.

Lenders

:

2.
3.
4.
5.

AmountInterest Rate
Drawdown Date
Loan Type::::6.

Repayment Date:7.
8.

Terms of Repayment
Interest Payment Date::

9.

Collateral:

The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking
Corporation, Mizuho Bank, Ltd. (Note 1), The Norinchukin Bank.
¥8.0 billion
Basic Interest Rate (JBA 1 month JPY TIBOR) + 0.20% p.a.
June 13, 2013
Term Loan (1 year with floating-rate, contracted on June 11, 2013)(Note 2)
May 26, 2014 (or the following business day if the date is anon-business day, or the prior business day if the following businessdate is in the next month)Lump-sum repayment on the repayment dateJuly 26, 2014, the first interest payment date, and 26th of every
month thereafter until April 26, 2014, and the Repayment Date. (orthe following business day if the date is a non-business day, or theprior business day if the following business date is in the nextmonth)
Unsecured, unguaranteed(2) Short-Term Borrowing (Term for 1 year)
1.

Lenders

:

2.
3.
4.
5.

AmountInterest Rate
Drawdown Date
Loan Type::::6.

Repayment Date:

7.

Terms of Repayment:

The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking
Corporation, Mizuho Bank, Ltd.
¥8.5 billion
Basic Interest Rate (JBA 1 month JPY TIBOR) + 0.20% p.a.
July 30, 2013
Term Loan (1 year with floating-rate, contracted on July 26, 2013)(Note 2)
May 26, 2014 (or the following business day if the date is a
non-business day, or the prior business day if the following businessdate is in the next month)Lump-sum repayment on the repayment date28.

Interest Payment Date:

9.

Collateral:

August 26, 2014, the first interest payment date, and 26th of every
month thereafter until April 26, 2014, and the Repayment Date. (orthe following business day if the date is a non-business day, or theprior business day if the following business date is in the nextmonth)
Unsecured, unguaranteed(Note 1) As Mizuho Bank, Ltd. and Mizuho Corporate Bank, Ltd. merged on July 1, 2013, the trade name after
the merger, Mizuho Bank Ltd. is stated above(Note 2) For the details of the above term loan agreements, please refer to the “Notice Concerning Debt
Financing” released on June 12, 2013 and July 26, 2013, respectively.

5.

Status of Interest-bearing Debts after Drawdown and Repayment
Before the drawdownand repayment

After the drawdown andrepayment(¥mln)
Increased/Decreased
AmountShort-term Borrowings

16,5008,000- 8,500

Long-term Borrowings
due within one year

4242

－

16,542

8,042- 8,500

67,89373,393+ 5,500(Note)

Sub Total
Long-term Borrowings(Note)

67,893+ 5,500
73,393Total- 3,000
84,43581,435(Note) Nature of term is as of the end of the 1st fiscal period (August 31, 2013).
Sub Total

6. Forecasts of Financial Results
As the impact of the debt financing and repayment of the debt financing on Nomura Master
Fund’s forecasts of financial results for the fiscal period ending August 31, 2014 (March 1,2014 to August 31, 2014) will be minimal, there is no revision to the forecast of financialresults.
7. Other Matters Required for Investors to Accurately Understand and Evaluate theInformation
No changes have been made to the content of “Section 1 Fund Information / 1 Status ofFund / 3 Investment Risks” of the Securities Report (in Japanese) filed on November 28,
2013, regarding the risks involved in the debt financing and repayment of debt financing.
*<Nomura Real Estate Master Fund, Inc> URL: http://www.nre-mf.co.jp/english/>3