November 26, 2021
For Translation Purposes Only
Real Estate Investment Fund Issuer:
Mori Hills REIT Investment Corporation(Securities Code: 3234)
1-12-32 Akasaka, Minato-ku, Tokyo
Hideyuki Isobe, Executive Director
Asset Manager:
Mori Building Investment Management Co., Ltd.
Hideyuki Isobe, President & CEO
Inquiries: Akira Nemoto
General Manager of Financial Department
TEL: +81-3-6234-3234

MHR Announces Conclusion of Interest Rate Swap Agreements
Mori Hills REIT Investment Corporation (hereinafter “MHR”) concluded today the followinginterest rate swap agreements.
1. Purpose of Entering Interest Rate Swap Agreements
To hedge the risk of fluctuation in interest rate payments by converting to a virtual fixed rate
for the long-term loans payable disclosed in the press release “MHR Announces Information
on Borrowings” dated November 24, 2021.
2. Details of the Interest Rate Swap Agreements(1) Borrowings entered into interest rate swap agreements
Borrowing
Category

LenderamountInterest rate

(million yen)
Debt 1

Sumitomo Mitsui Trust
Bank,Limited

1,040

Debt 2

MUFG Bank, Ltd.

1,100

Debt 3

Sumitomo Mitsui
Banking Corporation

1,560

Debt 4

Mizuho Bank,Ltd.

1,300

Drawdown

Repayment

date

Date (Note)3-month JBA JapaneseNovember

Yen TIBOR + 0.180%

30, 2026

3-month JBA JapaneseNovemberNovember

Yen TIBOR + 0.300%

30, 2021

30, 2029

3-month JBA JapaneseNovember

Yen TIBOR + 0.250%

30, 2030(Note) If any of the above repayment dates are not a business day, the next business day shall be thetermination or interest payment date. If this next business day falls into the following month, thebusiness day immediately prior shall be the termination or interest payment date.

1(2) Summary of interest rate swap agreements

Category

Debt 1
Debt 2
Debt 3

Counterparty

Nomura Securities
Co.,Ltd.
Nomura Securities
Co.,Ltd.

Notional

Interest rate(Note1)

principal

Fixed

Fluctuating

Commence-amountinterest

interest

ment date(million yen)raterate

1,040

JBA
0.15800%

Japanese
Yen
TIBOR

Debt 4

Mizuho Bank, Ltd.

1,300

Date
(Note2)

November

0.10400%

30, 2026

3-month2,660

Termination

0.17440%

NovemberNovember30, 2021

30, 2029
November30, 2030(Note 1) The first interest payment date shall be the last day of February 2022 and subsequent payment
dates shall be the last day of February, May, August, and November every year thereafter. The
last interest payment date shall be the termination date. However, if any of the above dates are
not a business day, the next business day shall be that date. If this next business day falls into thefollowing month, the business day immediately prior shall be that date.
Due to the interest rate swap agreements, the interest rates for long-term loans payable for from
Debt 1 to 4 mentioned above will, in effect, be converted into fixed interest rates respectively as
follows until the termination date.
0.28400% for Debt 1, 0.45800% for Debt 2 and Debt 3, 0.42440% for Debt4(Note 2) If the termination date is not a business day, the next business day shall be that date. If this next
business day falls into the following month, the business day immediately prior shall be that date.

MHR’s website address is https://www.mori-hills-reit.co.jp/en/2