June 23, 2020
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 (hereafter “MHR”) concluded today the following interest
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.
2. Details of the Interest Rate Swap Agreements(1) Borrowings entered into interest rate swap agreements
Borrowing
Category

LenderamountDrawdown

Repayment

date

Date (Note)3-month JBA Japanese

MayMayYen TIBOR + 0.180%

29, 2020

31, 2025

Interest rate

(million yen)

Debt 1

Sumitomo Mitsui Trust
Bank, Limited

834

Debt 2

Chugoku Bank Ltd.

Debt 3

MUFG Bank, Ltd.

2,816

Debt 4

Resona Bank,Limited.

830

Debt 5

Sumitomo Mitsui
Banking Corporation

500

1,134

Debt 6

Mizuho Trust &Banking Co., Ltd.

1,000

Debt 7

Mizuho Bank, Ltd.

1,408

Debt 8The Nishi-Nippon
City Bank, Ltd.

1,000

3-month JBA Japanese

MayMayYen TIBOR + 0.230%

20, 2020

20, 2027

3-month JBA JapaneseMay

Yen TIBOR + 0.150%

31, 2027

3-month JBA Japanese

MayMayYen TIBOR + 0.180%

29, 2020

31, 2028

3-month JBA JapaneseNovember

Yen TIBOR + 0.345%

30, 2028

3-month JBA Japanese

MayMayYen TIBOR + 0.300%

20, 2020

20, 2029

3-month JBA Japanese

MayMayYen TIBOR + 0.250%

29, 2020

31, 2029

3-month JBA JapaneseMayMay

Yen TIBOR + 0.400%

20, 2020

20, 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
Interest rate

Notional
Category

Debt 1Counterparty

Nomura Securities
Co.,Ltd.

principal

Fixed

Fluctuating

Commence-amountinterest

interest

ment date(million yen)

rate

rate

0.08500%
834

Mizuho Bank, Ltd.

May

(Note 2)20, 2027(Note 10)

Debt 3

Nomura Securities
Co.,Ltd.

0.10600%
2,816

Debt 4

Mizuho Bank, Ltd.

Debt 6

Debt 7

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

830(Note 4)0.13500%
1,134(Note 5)(Note 9)0.14800%
1,000(Note 6)(Note 10)0.14900%
1,408(Note 7)(Note 9)0.17250%
Debt 8Mizuho Bank, Ltd.

31, 2027(Note 9)(Note 9)Debt 5May(Note 3)0.12000%

1,000(Note 8)(Note 10)(Note 11)31, 2025(Note 9)500

DateMay(Note 1)0.09000%
Debt 2

Termination

3-monthMayJBA

31, 2028

JapaneseYenTIBOR

June
25, 2020

November30, 2028May
20, 2029May
31, 2029May
20, 2030(Note 1) Due to the interest rate swap agreement, the interest rate for long-term loans payable for Debt 1
mentioned above will, in effect, be converted into a fixed interest rate of 0.26500% until thetermination date.
(Note 2) Due to the interest rate swap agreement, the interest rate for long-term loans payable for Debt 2mentioned above will, in effect, be converted into a fixed interest rate of 0.32000% until thetermination date.
(Note 3) Due to the interest rate swap agreement, the interest rate for long-term loans payable for Debt 3
mentioned above will, in effect, be converted into a fixed interest rate of 0.25600% until thetermination date.
(Note 4) Due to the interest rate swap agreement, the interest rate for long-term loans payable for Debt 4
mentioned above will, in effect, be converted into a fixed interest rate of 0.30000% until thetermination date.
(Note 5) Due to the interest rate swap agreement, the interest rate for long-term loans payable for Debt 5
mentioned above will, in effect, be converted into a fixed interest rate of 0.48000% until thetermination date.
(Note 6) Due to the interest rate swap agreement, the interest rate for long-term loans payable for Debt 6
mentioned above will, in effect, be converted into a fixed interest rate of 0.44800% until thetermination date.
(Note 7) Due to the interest rate swap agreement, the interest rate for long-term loans payable for Debt 7
mentioned above will, in effect, be converted into a fixed interest rate of 0.39900% until thetermination date.
(Note 8) Due to the interest rate swap agreement, the interest rate for long-term loans payable for Debt 8
mentioned above will, in effect, be converted into a fixed interest rate of 0.57250% until thetermination date.
(Note 9) The first interest payment date shall be the last day of August 2020 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 are2

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.
(Note 10) The first interest payment date shall be the last day of June 2020 and subsequent payment dates
shall be the last day of March, June, September, and December every year thereafter. The lastinterest payment date shall be the termination date. However, if any of the above dates are not abusiness 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.
(Note 11) 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/

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