Translation Purposes Only
January 27, 2022
For Immediate Release
Real Estate Investment Trust Securities Issuer
1-1-1 Akasaka, Minato-ku, TokyoXYMAX REIT Investment CorporationRepresenta
Executive Director
Shotarotive
Kanemitsu(Securities Code 3488)
Asset Management Company
XYMAX REAL ESTATE INVESTMENT ADVISORS Corporation

Representative
Director and President
Head of Business
Planning Division
TEL: +81-3-5544-6880

ShotaroKanemitsu
Tatsuya
Nakayama

Represent
ativeContact

Notice Concerning Borrowings of Funds
Xymax REIT Investment Corporation (the "Investment Corporation") has announced today that it has decided toundertake the debt financing (the "Debt Financing") as described below.

1.

Details of Borrowings

Term(Note 1)

Lenders

Shortterm

Mizuho Bank, Ltd.

BorrowingAmount(millionyen)

Interest rate

1,100

Base rate+0.150%(Note 3)(Note 4)982

Base+0.350%(Note 3)(Note 4)(Note 5)

Mizuho Bank, Ltd.
Resona Bank, Ltd
Shinsei Bank Ltd.
The Chiba Bank, Ltd.

Drawdown
Date

Borrowing
MethodMaturity
Date(Note 2)

Principal
Repayment
methodCollateral

March 31,2022

January 31,
2025

Mizuho Bank, Ltd.
Sumitomo Mitsui BankingCorporation
MUFG Bank, Ltd.
The Nishi-Nippon CityLong
term

2,406

0.60875%(Fixed rate)(Note 4)2,020

0.73375%(Fixed rate)(Note 4)

6,508

-Bank, Ltd.

January31, 2022

The Bank of Fukuoka, Ltd.
Resona Bank, Ltd

Borrowingbased on a
Loanagreementwith thelenders
shown
at left as
lenderJanuary 31,
2026

Lump-sum
repaymentatmaturity

Unsecured
unguaranteed

Hiroshima Bank, Ltd.
Shinsei Bank, Ltd.
Aozora Bank, Ltd.
Higo Bank, Ltd.
The Bank of Yokohama,Ltd.
The Nanto Bank, Ltd.
Kansai

Mirai

January 31,2027

Bank,

LimitedTotal----(Note 1) “Short-term” refers to borrowing for a period from the drawdown date to the maturity date of one year or less. “Long-term”
refers to borrowing for a period from the drawdown date to the maturity date of more than one year.

1-

(Note 2)

If the maturity date is a non-business day, it shall be the following business day. If such day falls in the following month, it shallbe the immediately preceding business day.

(Note 3) The base rate applicable to the period for the calculation of the interest payable on an interest payment date is the JBA onemonth Japanese Yen TIBOR as of a date two business days prior to the interest payment date immediately preceding eachinterest payment date. However, if the base rate applicable to the calculation period doesn’t exist, the base rate will be the one
corresponding to the period that will be calculated based on a method provided in the agreement. Please refer the website ofthe JBA TIBOR Administration (http://www.jbatibor.or.jp/english) for the JBA Japanese Yen TIBOR.
(Note 4) The interest payment will be made on February 28, 2022 and the last day of each month thereafter as well as on the maturity
date. (If an interest payment date is a non-business day, it shall be the following business day. If such day falls in the following
month, it shall be the immediately preceding business day.)2.

Reasons for the Borrowing
XYMAX REIT will use the Borrowings to redeem a short-term borrowings of 1,770 million yen and a longterm borrowings of 3,088 million yen due on January 31, 2022 (the “Existing Borrowings”) described in the"Notice Concerning Borrowing of Funds and Conclusion of Interest Rate Swap Agreement" announced onFebruary 16, 2018, the "Notice Concerning Borrowing of Funds and Conclusion of Interest Rate Swap
Agreement" announced on January 27, 2021, and the "Notice Concerning Borrowing of Funds" announced onJanuary 29, 2020 and June 25, 2021.
In addition, Investment Corporation will use the part of borrowing to acquire the domestic real estate trust
beneficiary right, Valor Kachigawa Store (50% of leasehold land as the quasi-co-ownership interest), as announced
today in "[Notice Concerning Acquisition of the Domestic Real Estate Trust Beneficiary right (50% of leaseholdland of Valor Kachigawa Store as the quasi-co-ownership interest ) and Transfer of the Domestic Real Estate Trust
Beneficiary right (Renaissance 21 Chihaya)]."3.

Amount, use and schedule of expenditure of funds to be procured(1) Total amount6.508 billion yen(2) Specific purpose of use
The borrowing will be used to redeem the existing borrowings and part of the acquisition of the asset and related
expenses described in "2. Reasons for the Borrowing" above.
(3) Schedule date of expenditure
January 31, 2022

4.

Interest-bearing debt balance after the Borrowing

Short-term loans (Note 1)
Long-term loans (Note 2)
Total loans
Investment corporation bonds
Total loans and investment corporation
bonds
Other interest-bearing liabilities
Total interest-bearing liabilities

Before the execution of
the Borrowing
1,770
12,28014,050‐14,050After the execution of
the Borrowing
1,100
14,60015,700‐15,700‐14,050‐15,700(Millions of yen)
Increase/Decrease(Note 1) “Short-term” refers to borrowing for a period from the drawdown date to the maturity date of one year or less.
(Note 2) “Long-term” refers to borrowing for a period from the drawdown date to the maturity date of more than one year

5. OtherConcerning the risks to the borrowings, etc. described above, there are no material changes from the“Investment risks” disclosed in the 1-1-3 of the latest Securities Report submitted on November 29, 202* XYMAX REIT website address: https://xymaxreit.co.jp/2▲670
2,320
1,650
‐
1,650
‐
1,650