July 23, 2019
To All Concerned Parties
Real Estate Investment Trust Securities Issuer
1-1-21 Toranomon, Minato-ku, Tokyo
marimo Regional Revitalization REIT, Inc.
Representative: Takashi Kitagata, Executive Director(Securities Code: 3470)
Asset Manager
Marimo Asset Management Co., Ltd.
Representative: Takashi Kitagata, CEOContact:
Katsuhiro Shimada, Financial Management Officer
TEL: +81-3-6205-4755

Notice Concerning Borrowing of Funds (Refinancing)marimo Regional Revitalization REIT, Inc. (“marimo REIT”) announces the following borrowing of funds (refinancing) (the“Borrowing”) decided today.
1.

Details of the Borrowing(1)④Long-term loan (Tranche 4-A)
LenderLoan amountInterest rate (Note 2)
Drawdown date⑤

Borrowing method⑥⑦

Maturity datePrinciple repayment method⑧

Interest payment date

⑨Security(2)④Long-term loan (Tranche 4-B)
LenderLoan amountInterest rate (Note 2)
Drawdown date⑤

Borrowing method⑥⑦

Maturity datePrinciple repayment method⑧

Interest payment date

⑨Security

①②
③①②
③

Loan syndicate with Sumitomo Mitsui Banking Corporation as arranger (Note 1)
2,015 million yen
Base rate (JBA 3-month Japanese Yen TIBOR) (Note 3) + 0.6% (floating rate)
August 1, 2019
Borrowing based on individual term loan agreement scheduled to be concluded
with the lenders shown above on July 30, 2019
August 1, 2022
Lump-sum repayment at maturity
The first interest payment date shall be November 1, 2019, and subsequentinterest payment dates shall be the 1st of every three calendar months
thereafter and the maturity date (Note 4)
Unsecured and unguaranteed

Loan syndicate with Sumitomo Mitsui Banking Corporation as arranger (Note 1)
2,015 million yen
Base rate (JBA 3-month Japanese Yen TIBOR) (Note 3) + 0.8% (floating rate)
August 1, 2019
Borrowing based on individual term loan agreement scheduled to be concluded
with the lenders shown above on July 30, 2019
August 1, 2024
Lump-sum repayment at maturity
The first interest payment date shall be November 1, 2019, and subsequentinterest payment dates shall be the 1st of every three calendar months
thereafter and the maturity date (Note 4)
Unsecured and unguaranteed1

(Note 1)

The loan syndicate comprises Sumitomo Mitsui Banking Corporation, The Hiroshima Bank, Ltd., Sumitomo Mitsui Trust Bank, Ltd., Shinsei
Bank, Limited, The Mie Bank, Ltd., Resona Bank, Ltd., Chugoku Bank, Ltd. and Aozora Bank, Ltd.

(Note 2)

Not including borrowing expenses, etc. payable to the lender.

(Note 3)The base rate applicable to the calculation period for the interest payable on each interest payment date shall be decided two businessdays prior to each interest payment date (the drawdown date in the case of the first interest calculation period). For the JBA Japanese Yen
TIBOR, please check the website of JBA TIBOR Administration (http://www.jbatibor.or.jp/english/). (The JBA 3-month Japanese Yen TIBOR
as of July 22, 2019 is 0.06727%.) If the JBA 3-month Japanese Yen TIBOR falls below 0%, then the base rate shall be 0%.

(Note 4)

If the concerned date is not a business day, then it shall be the next business day, but if that next business day falls into the next calendar
month, then it shall be the business day preceding the concerned date.

2.

Reason for the Borrowing
The Borrowing is for funding repayment of a long-term loan of 3,330 million yen and short-term loan of 700 million
yen due for repayment on August 1, 2019. Summaries of the loans for which repayment will be made are as follows.
Long-term loanLender②Balance③
Planned repayment date④
Drawdown date⑤
Repayment date
①Loan syndicate with Sumitomo Mitsui Banking Corporation as arranger (Note)
3,330 million yen
August 1, 2019
August 1, 2016
August 1, 2019(Note)

The loan syndicate comprises Sumitomo Mitsui Banking Corporation, The Hiroshima Bank, Ltd., Sumitomo Mitsui Trust Bank, Ltd., The
Mie Bank, Ltd., Shinsei Bank, Limited, Chugoku Bank, Ltd. and Resona Bank, Ltd.

Short-term loanLender②Balance③Planned repayment date④
Drawdown date⑤
Repayment date①(Note)Sumitomo Mitsui Banking Corporation
700 million yen
August 1, 2019
January 4, 2019
August 1, 2019

For details of the long-term loan and short-term loan, please refer to “Notice Concerning Borrowing of Funds” dated August 1, 2016 and“Notice Concerning Borrowing of Funds” dated December 19, 2018.

3.

Status of Loans, etc. after the Borrowing, etc.
Before the Borrowing, etc.

After the Borrowing, etc.

70013,087
13,78700
13,78013,7800(Unit: million yen)
Increase(Decrease)(700)693(7)
013,787

13,780(7)

013,787

013,780

0(7)

Short-term loans
Long-term loans
Total loans
Investment corporation bonds
Total loans and investment
corporation bonds
Other interest-bearing liabilities
Total interest-bearing liabilities(Note 1)

”The Borrowing, etc.” collectively refers to the repayment of the long-term loan and short-term loan using funds procured through theBorrowing and cash on hand, which is scheduled for August 1, 20192

(Note 2)

Amounts are rounded down to the nearest specified unit.

(Note 3)The Borrowing, etc. is scheduled for August 1, 2019. In addition, scheduled partial repayment of principle (7,500,000 yen) of long-termloans is scheduled for August 1, 2019 separately from the Borrowing, etc., and the figures are based on the assumption that said
scheduled partial repayment of principle will be also executed.

4.

Future Outlook
The impact of the Borrowing on management status is minimal. There is no change to the operating and dividend
forecasts for the fiscal period ended June 2019 (from January 1, 2019 to June 30, 2019) and for the fiscal period ending
December 2019 (from July 1, 2019 to December 31, 2019) announced in “(REIT) Financial Report for the Fiscal Period
Ended December 2018” dated February 18, 2019.

5.

OtherConcerning the risks associated with the Borrowing, there is no change from the content of “Part 1. Fund Information;
Section 1. Status of Fund; 3. Investment Risks” in the securities report submitted on March 28, 2019.

*Website of marimo REIT: https://www.marimo-reit.co.jp/en/

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