For Translation Purposes Only
May 22, 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
Nomura Real Estate Master Fund, Inc. (“Nomura Master Fund” or the “Fund”) announced
today that the Fund will procure debt financing as stated below.
1. Purpose
Nomura Master Fund has decided to procure the debt financing to repay the existing borrowing
2. Details of Debt Financing(1) Long-Term Borrowing (Term for 2 years and 10 months)
1.
2.
3.
4.
5.

LenderAmountInterest Rate
Drawdown Date
Loan Type:
::::

6.

Repayment Date:7.
8.

Terms of Repayment
Interest Payment Date::

9.

Collateral:

The Bank of Fukuoka, Ltd.
¥1.0 billion
Basic Interest Rate (JBA 1 month JPY TIBOR) +0.18% p.a.
May 26, 2014
Term Loan(2 years and 10 months with floating-rate, contracted on May 22,2014)
March 26, 2017 (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 dateJune 26, 2014, the first interest payment date, and 26th of every
month thereafter until February 26, 2017, and the Repayment Date.
(or the following business day if the date is a non-business day, orthe prior business day if the following business date is in the nextmonth)
Unsecured, unguaranteed1

(2) Long-Term Borrowing (Term for 5 years and 6 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 Norinchukin Bank, Mizuho Trust & Banking Co., Ltd., Resona
Bank, Ltd.
¥4.0 billion
Basic Interest Rate (JBA 3 months JPY TIBOR) +0.35% p.a. *May 26, 2014
Term Loan(5 years and 6 months with floating-rate, contracted on May 22,2014)
November 26, 2019 (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 dateAugust 26, 2014, the first interest payment date, and 26th of every
February, May, August, and November thereafter until August 26,
2019, 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, unguaranteed* Due to the swap agreement, the interest rate will be fixed at 0.72650% until the repayment of the 5 years and 6months Loan, as stated in “Notice Concerning Concluding Interest-Rate Swap Agreement” announced today.

(3) Long-Term Borrowing (Term for 7 years and 6 months)
1.
2.
3.
4.
5.

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

Repayment Date:7.
8.

Terms of Repayment
Interest Payment Date::

9.

Collateral:

Development Bank of Japan Inc., Nippon Life Insurance Company¥2.0 billion
1.11662% p.a.
May 26, 2014
Term Loan(7 years and 6 months with fixed-rate, contracted on May 22, 2014)
November 26, 2021 (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 dateNovember 26, 2014, the first interest payment date, and 26th of
every May and November thereafter until May 26, 2021, and theRepayment Date. (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)
Unsecured, unguaranteed

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 JBA TIBOR Administration website regarding the JBA Japanese Yen TIBOR.
(http://www.jbatibor.or.jp/english/rate/)

3. Use of Funds(1) Specifics:(2) Scheduled Date of Use :To be used for repayment of the existing borrowings based on theterm loan agreement totaling ¥8 billion which will mature on
May 26, 2014. The difference, ¥1 billion, will be allocated byfunds in hand.
May 201424. Status of Interest-bearing Debts after Drawdown and the Repayment of the Existing
Borrowings(¥mln)
After the drawdown andthe repayment of theexisting borrowings(Note 1)

Before the drawdown
and the repayment ofthe existing borrowings

Increased/Decreased
AmountShort-term Borrowings

8,000－▲8,000Long-term Borrowings
due within one year

8564

▲218,08564▲8,02173,35080,350+ 7,000(Note 2)

Sub Total
Long-term Borrowings(Note 2)73,350+ 7,000
80,350Total▲1,021
81,43580,414(Note 1) Value after repayment (¥8,000 million) of the borrowings mentioned in above 3. andpartial repayment (¥21 million) scheduled on May 26, 2014 of other existing
borrowings (¥1,935 million).
(Note 2) Nature of term is as of the end of the 2nd fiscal period (February 28, 2014).
Sub Total

5. Other Matters Required for Investors to Accurately Understand and Evaluate theInformation
No changes have been made to the content of “Investment Risks” of the Securities Report(in Japanese) filed on November 28, 2013, regarding the risks involved in the repayment ofthe borrowings, etc.
*<Nomura Real Estate Master Fund, Inc> URL: http://www.nre-mf.co.jp/english/>3