May 22, 2019
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: Ryosuke Kanazawa
General Manager, Planning 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 used as refinancing of 12,000 million yen in long-term loans payable due May 31, 2019
(hereafter “Existing Long-term Loans Payable”) (Note).
(Note) Please refer to the press releases “MHR Announces Information on Borrowings” dated November 25,
2013 and “MHR Announces Information on Borrowings” dated May 26, 2014 for details.

2. Details of Borrowings
Lender(anticipated)

BorrowingamountInterest
rate(million yen)

(Note 1)The Bank ofFukuoka,
Ltd.

2,000

The
Norinchukin
Bank

3,000

Sumitomo
Mitsui
BankingCorporation

1,144

MUFG Bank,
Ltd.

3,904

Mizuho Bank,Ltd.

1,952

Base
interest
rate0.15%
Baseinterest
rate+0.25%
Baseinterest
rate+0.345%
Baseinterestrate+0.225%
Baseinterest
rate+0.35%

Scheduled
drawdown
date

Repaymentdate(Note 2)

Method ofrepayment

Collateral

To berepaid infull on theprincipal
repayment
date

Unsecured/
Unguaranteed

May 31,
2026

May 31,
2026

May 31,
2019

November30, 2027

November30, 2028

May 31,2029

1

(Note 1) The first payment date shall be the last day of June 2019 and subsequent payment dates shall be thelast day of June every year 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 day falls
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 2) 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: 12,000 million yen(2) Specific use of funds and scheduled payment perioda) Specific use of funds:
To be disbursed as funds for refinancing of theExisting Long-term Loans Payableb) Amount:
12,000 million yenc) Scheduled payment period:
May 31, 2019
4. Borrowings, etc. after the Borrowings(Unit: millions of yen)
Beforethe Borrowings

Afterthe Borrowings

ChangeLong-term loans payable

157,222

157,222－Investment corporation bonds

22,00022,000－Total interest-bearing debt

179,222

179,222－(Note) Long-term loans payable and investment corporation bonds include the current portion of long-term loans
payable within a year and investment corporation bonds.

5. Other Items Required for Investors to Appropriately Understand/Judge the ConcernedInformation
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-fifth fiscal
period submitted on April 25, 2019 as a result of the Borrowings.
This press release was distributed to the Kabuto Club (the press club of the Tokyo Stock
Exchange), the Ministry of Land, Infrastructure, Transport and Tourism Press Club, and theMinistry of Land, Infrastructure, Transport and Tourism Press Club for Construction
Publications.
MHR’s website address is http://www.mori-hills-reit.co.jp/en/2