This English translation is provided for information purposes only. If any discrepancy is identified between thistranslation and the Japanese original, the Japanese original shall prevail.
July 23, 2024
REIT Issuer:
Japan Hotel REIT Investment Corporation (TSE code: 8985)
Kaname Masuda, Executive Director
Asset Management Company:
Japan Hotel REIT Advisors Co., Ltd.
Hiroyuki Aoki, President and CEO
Contact:
Makoto Hanamura
Director of the Board, Managing Director
Head of Finance and Planning Division
TEL: +81-3-6422-0530
Notice Concerning New Loan (Refinancing)
Japan Hotel REIT Investment Corporation (hereinafter called “JHR”) informs you that JHR resolved as below today on
new borrowing (hereinafter called the “New Loan”) as follows.
1.

Summary of the New Loan
(1) Background of the New Loan
JHR will effectively refinance the investment corporation bond, which is due on July 31, 2024 (hereinafter called
the “Investment Corporation Bond to be Redeemed”).
(2) Details of the New Loan
Name of Loan

Term Loan 108

Lender

MUFG Bank, Ltd.

Amount ofNew Loan
(JPY MM)

2,000

Collateral /Method ofRepayment

Interest Rate
Scheduled(*)
Borrowing Date

Maturity Date

To bedetermined(fixed rate)

Unsecured &Unguaranteed /March 29, 2030
Lump-sum
repayment on
the maturity dateJuly 30, 2024(*) The first interest payment date will be the last day of August 2024, and subsequent interest payment dates will be the last day of each month
thereafter (or the immediately preceding business day if that day is not a business day) and the maturity date. The fixed rate will be announced
once it is determined.

2.

Summary of the Investment Corporation Bond to be Redeemed(1) Background of the Redemption
JHR plans to redeem the investment corporation bond using the New Loan.
(2) Total Amount of the Redemption
JPY2,000MM(3) Scheduled Date of the Redemption
July 31, 20241(4) Details of the Investment Corporation Bond to be Redeemed

3.

Investment Corporation Bond

Payment Date

Redemption Date

Issue Balance(JPY MM)

Twelfth unsecured investment corporation bonds(Pari passu covenants between investment
corporation bonds are attached) (Green Bonds)

July 31, 2019

July 31, 2024

2,000

Status of the Interest-bearing Debt after the New Loan (scheduled)(Unit: JPY MM)
Category

Before (*3)

Short-term loans

After (*3)

Variance－－－

168,331

170,331+2,000Total loans

168,331

170,331+2,000Total investment corporation bonds

36,90034,900(2,000)205,231205,231－Long-term loans (*2)

Total interest-bearing debt(*1) The amounts are rounded down to the nearest million yen.
(*2) Long-term loans payable within one year are included in the long-term loans.
(*3) The balances of interest-bearing debts before and after the New Loan include the total amount of JPY22.0 billion of Term Loan 103, 104, 105,106 and 107, which are scheduled to be executed on July 31, 2024. For details, please refer to the press release “Notice Concerning New Loans”
dated June 24, 2024.

The ratio of fixed interest rate to total interest-bearing debt after the New Loan is expected to be approximately 74%.
4.

OthersFor the risk of the New Loan, please refer to the section “Investment Risks” stated in the Securities Registration
Statement (Japanese only) submitted on June 24, 2024.

*Website of Japan Hotel REIT Investment Corporation: https://www.jhrth.co.jp/en/2