May 15, 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 Information on Borrowings
Mori Hills REIT Investment Corporation (hereafter “MHR”) concluded today the followingborrowings.
1. Purpose of Borrowings
To be disbursed as funds for redemption of MHR Ninth Series Unsecured Investment
Corporation Bond with the redemption date arriving on May 22, 2020 and MHR Thirteenth
Series Unsecured Investment Corporation Bond with the redemption date arriving on May 26,2020.
(Note) Please refer to the press releases “MHR Announces Issuance of Investment Corporation Bonds” dated
May 15, 2013 and “MHR Announces Issuance of Investment Corporation Bonds” dated May 19, 2015
for details.

2. Details of Borrowings
Lender(anticipated)

ChugokuBank Ltd.

Borrowingamount(million yen)

500

Interest
rate
Baseinterest
rate+0.230%(Note 1)Baseinterest
rate+0.300%(Note 2)

Scheduled
drawdown
date

Repaymentdate(Note 2)

Collateral

To berepaid infull on theprincipal
repayment
date

Unsecured/Unguaranteed

May 20,2027

May 20,2028

Shinsei Bank,
Limited500

Nippon Life
Insurance
Company

1,000

0.480%(Note 3)

May 20,
2028

1,000

Base
interest
rate+0.300%(Note 1)

May 20,2029

Mizuho Trust& Banking
Co., Ltd.

Method ofrepayment

May 20,2020

1

The Bank ofFukuoka,
Ltd.

1,000

The NishiNippon City
Bank, Ltd.

1,000

Base
interest
rate+0.230%(Note 2)Baseinterest
rate+0.400%(Note 1)May 20,2030

May 20,2030(Note 1) The first payment date shall be the last day of June 2020 and subsequent payment dates shall be thelast day of March, June, September, and December every year thereafter. The last payment date shallbe the principal repayment date. If the date is not a business day, the next business day shall be thedate and if this next business day falls into the following month, the business day prior shall be thepayment date.
Base interest rate to be applied will be the 3-month JBA Japanese Yen TIBOR announced by theJapanese Bankers Association two business days prior to the last payment day (The first payment
date shall be the drawdown date). The 3-month JBA Japanese Yen TIBOR can be confirmed on thewebsite of General Incorporated Association JBA TIBOR Administration(http://www.jbatibor.or.jp/english/).
(Note 2) The first payment date shall be the last day of May 2020 and subsequent payment dates shall be thelast day of every month thereafter. The last payment date shall be the principal repayment date. Ifthe date is not a business day, the next business day shall be the date and if this next business dayfalls into the following month, the business day prior shall be the payment date.
Base interest rate to be applied will be the 1-month JBA Japanese Yen TIBOR announced by theJapanese Bankers Association two business days prior to the last payment day (The first payment
date shall be the drawdown date). The 1-month JBA Japanese Yen TIBOR can be confirmed on thewebsite of General Incorporated Association JBA TIBOR Administration(http://www.jbatibor.or.jp/english/).
(Note 3) The first payment date shall be November 20, 2020 and subsequent payment dates shall be May 20and November 20 every year thereafter. The last payment date shall be the principal repayment date.
If the date is not a business day, the next business day shall be the date and if this next business day
falls into the following month, the business day prior shall be the payment date.
(Note 4) If the repayment date is not a business day, the next business day shall be the repayment date. If thisnext business day falls into the following month, the business day prior shall be the repayment date.

3. Amount of Funds, Use of Funds and Scheduled Payment Period(1) Amount of funds to be procured: 5,000 million yen(2) Specific use of funds and scheduled payment perioda) Specific use of funds:
To be disbursed as funds for redemption of MHR
Ninth Series Unsecured Investment Corporation
Bond with the redemption date arriving on May 22,2020 and MHR Thirteenth Series Unsecured
Investment Corporation Bond with the redemption
date arriving on May 26, 2020b) Amount:
5,000 million yenc) Scheduled payment period:
May 22, 2020 and May 26, 2020
4. Borrowings, etc. after the Borrowings(Unit: millions of yen)

Beforethe Borrowings

Afterthe Borrowings

ChangeLong-term loans payable

157,222162,222

5,000

Investment corporation bonds

22,00017,000△5,000Total interest-bearing debt

179,222

179,2220(Note 1) Amount of borrowings shows a balance of May 26, 2020 after this transaction. (After the redemptionof 5,000 million yen in MHR Ninth Series Unsecured Investment Corporation Bond and MHR
Thirteenth Series Unsecured Investment Corporation Bond as mentioned in Section 3. (2))

2

(Note 2) Long-term loans payable and investment corporation bonds include the current portion of long-termloans payable within a year and investment corporation bonds.

5. Other Items Required for Investors to Appropriately Understand/Judge the Concerned
Information
There are no changes to the content of “1. Fund Information; 1. Fund Status; 3. Investment
Risks” indicated in the Semiannual Securities Report (Japanese) for the twenty-seventh fiscal
period submitted on April 24, 2020 as a result of the Borrowings.
MHR’s website address is https://www.mori-hills-reit.co.jp/en/

3