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[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

September 30, 2014
REIT Issuer
Ichigo Real Estate Investment Corporation (8975)
1-1-1, Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
Asset Management Company
Ichigo Real Estate Investment Advisors Co., Ltd.
Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Minoru Ishihara, Executive Vice President & Statutory Executive Officer
Tel: 03-3502-4891

Notice of Partial Repayment of Existing Loan
Ichigo Real Estate Investment Corporation (“Ichigo REIT”) is conducting a partial loan
repayment using proceeds from the sale of Ichigo Kudan-Minami Building, as announced today
in the release “Sale of Portfolio Asset.”

1. Reason for Partial Repayment
The repayment will reduce interest costs.
2. Repayment Details
SMBC & Mizuho Trust Bank Syndicate Loan I (Term Loan 2)
Lenders

Outstanding Balance before Repayment
Repayment Amount
Outstanding Balance after Repayment
Date of Partial Repayment
Borrowing Rate
Collateral
Date of Borrowing
Date of Repayment

Sumitomo Mitsui Banking Corporation; Mizuho
Trust & Banking Co., Ltd.; Aozora Bank, Ltd.;
Shinsei Bank, Limited; Resona Bank, Limited
5,435,125,000 yen
94,815,000 yen
5,340,315,000 yen
September 30, 2014
1.91575%
Yes – Collateralized
May 9, 2012
April 30, 20171

SMBC Syndicate Loan I (Term Loan 3)
Lenders

Outstanding Balance before Repayment
Repayment Amount
Outstanding Balance after Repayment
Date of Partial Repayment
Borrowing RateCollateral
Date of Borrowing
Date of Repayment

Sumitomo Mitsui Banking Corporation; MizuhoBank, Ltd.; Mizuho Trust & Banking Co., Ltd.;
Resona Bank, Limited; Aozora Bank, Ltd.; The
Tokyo Star Bank, Limited; ORIX Bank
6,895,000,000 yen
62,000,000 yen
6,832,000,000 yen
September 30, 2014
3 M JPY TIBOR + 1.00%
Yes – Collateralized
January 31, 2013
October 31, 2015

SMBC Syndicate Loan I (Term Loan 4)
Lenders

Outstanding Balance before Repayment
Repayment Amount
Outstanding Balance after Repayment
Date of Partial Repayment
Borrowing Rate
Collateral
Date of Borrowing
Date of Repayment

Sumitomo Mitsui Banking Corporation; Mizuho
Trust & Banking Co., Ltd.; Resona Bank,Limited; The Tokyo Star Bank, Limited
6,895,000,000 yen
62,000,000 yen
6,832,000,000yen
September 30, 2014
1.64777%
Yes – Collateralized
January 31, 2013
October 31, 2017

3. Earnings Outlook
The impact of the repayment on Ichigo REIT’s October 2014 fiscal period earnings forecast isminimal and therefore the forecast is unchanged.

2Reference
Outstanding Loan Balance (as of September 30, 2014)(million yen)
Balance
Sumitomo Mitsui Banking Corporation
Aozora Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
Mizuho Bank, Ltd.
Shinsei Bank, Limited
Resona Bank, Limited
Prudential Mortgage Asset Holdings 1 Japan LPSTokyo Star Bank, Limited
Shinsei Trust & Banking Co., Ltd. (Note 1)
The Kagawa Bank, Ltd.
MetLife Alico
ORIX Bank Corporation
Shinsei Trust & Banking Co., Ltd. (Note 2)
The Bank of Fukuoka, Ltd.
Total

13,074
7,491
3,799
3,073
6,736
5,483
3,496
2,928
2,782
1,858
1,733
1,446
1,100
1,000
55,999(Note 1): Source of funds is Investment LPS managed by AXA Real Estate Investment
Managers Japan KK(Note 2): Source of funds is Ichigo Group Holdings as sponsor
Distribution of Repayment Dates (as of September 30, 2014)(million yen)
20,000

10,15810,000

7,530
6,762

6,622
5,900

5,271

6,422

3,607
2,4300
Oct 2014

Apr 2015

Oct 2015

Apr 2016

Oct 2016

Apr 2017

Website of Ichigo REIT: www.ichigo-reit.co.jp/english

3

Oct 2017

Apr 2018

Oct 2018

Apr 2019

Oct 2019