March 16, 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

LenderamountInterest rate

(million yen)

Debt 1

Sumitomo Mitsui Trust
Bank, Limited

1,000

Debt 2The Norinchukin Bank

Debt 3

MUFG Bank, Ltd.

2,200

Debt 4

Mizuho Bank, Ltd.

1,100

Debt 5

Shinsei Bank, Limited

Debt 6

Sumitomo Mitsui
Banking Corporation

600

900

1,600

Drawdown

RepaymentdateDate (Note)

1-month JBA JapaneseNovember

Yen TIBOR + 0.150%

30, 2024

1-month JBA JapaneseMay

Yen TIBOR + 0.225%

31, 2026

1-month JBA JapaneseNovember

Yen TIBOR + 0.150%

November30, 2026

1-month JBA Japanese

29, 2019

May

Yen TIBOR + 0.225%

31, 2027

1-month JBA JapaneseNovember

Yen TIBOR + 0.300%

30, 2027

1-month JBA JapaneseMay

Yen TIBOR + 0.345%

31, 2028(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

Mizuho Bank, Ltd.
Nomura Securities
Co.,Ltd.
Nomura Securities
Co.,Ltd.

Notional

Interest rate (Note 1)

principal

Fixed

Fluctuating

Commence-amountinterest

interestment date(million yen)raterate

1,000

600

2,200

Debt 4

Mizuho Bank, Ltd.

1,100

Debt 5

Mizuho Bank, Ltd.

900

Debt 6

Mizuho Bank, Ltd.

1,600

Termination
Date(Note 1)▲0.01500%

November(Note 2)30, 2024

0. 03600%

May(Note 3)31, 2026

0. 04300%(Note 4)

0. 10400%(Note 5)1-monthJBAJapanese
YenTIBOR

NovemberMarch

30, 2026

18, 2020May
31, 2027

0. 05500%

November(Note 6)30, 2027

0. 12700%

May(Note 7)31, 2028(Note 1) The first interest payment date shall be the last day of March 2020 and subsequent payment dates
shall be the last day of every month thereafter. The last interest payment date shall be thetermination 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 the following month, the business day
immediately prior shall be that date.
(Note 2) 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 0.13500% until thetermination date.
(Note 3) Due to the interest rate swap agreement, the interest rate for long-term loans payable for Debt 2
mentioned above will, in effect, be converted into a fixed interest rate of 0.26100% until thetermination date.
(Note 4) 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 0.19300% until thetermination date.
(Note 5) 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 0.32900% until thetermination date.
(Note 6) 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 0.35500% until thetermination date.
(Note 7) 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 0.47200% until thetermination date.

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