June 8, 2022
FOR IMMEDIATE RELEASE
Activia Properties Inc.
21-1, Dogenzaka 1-chome, Shibuya-ku, Tokyo
Nobuhide Kashiwagi
Executive Director(Code: 3279)
Asset Management Company
TLC REIT Management Inc.
Masaoki Kanematsu
President & CEOInquiries
Kazuyuki Murayama
General Manager of Strategy Department
Activia Management Division(Tel: +81-3-6455-3377)

Notice Concerning Borrowings of Funds
Activia Properties Inc. (“API”) announces today that it decided to borrow funds (the “Borrowings”).
Details are as follows:1.

Details of the borrowings< Long-term borrowings>
Borrowing andrepayment
LoanInterest
Drawdown
Due date
Lendermethods,
amountrate
date (plan)(Note 1)security, andguarantee
Borrowing basedon a borrowing
agreement with
To be
the lenders
Sumitomo Mitsui Trust Bank, Limited
5.61
determinedshown at left as
Mizuho Bank, Ltd.
billion(Fixed rate)
June 15, 2022
June 15, 2028
the creditor,
MUFG Bank, Ltd.
yen
(Note 2)lump-sum(Note 3)
repayment,
unsecured, andunguaranteed
Borrowing basedon a borrowing
agreement with
Sumitomo Mitsui Trust Bank, Limited
To be
the lenders
Mizuho Bank, Ltd.
6.39
determinedshown at left as
MUFG Bank, Ltd.
billion(Fixed rate)
June 15, 2022
June 15, 2031
the creditor,
Sumitomo Mitsui Banking Corporationyen(Note 2)
lump-sumDevelopment Bank of Japan Inc.
(Note 3)
repayment,unsecured, andunguaranteed(Note 1) If the due 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.
(Note 2) Interest rate of the borrowing will be announced upon the determination.
(Note 3) The interest payment will be made on the last day of December 2022 and the last days of June and December in eachyear thereafter as well as on the due date of the principal. (If an interest payment date is a non-business day, it shallbe the following business day. If such day falls in the following month, it shall be the immediately preceding businessday.)12． Reasons for the borrowings
API will use the funds from the Borrowings to redeem long-term borrowings of 12 billion yen (the“Existing Long-term Borrowings”) with a due date of June 15, 2022. For the details of the Existing Longterm Borrowings, please refer to “Notice Concerning Borrowing of Funds” released on May 28, 2015, “NoticeConcerning Borrowing of Funds” released on December 8, 2015 and “Notice Concerning Borrowings of Funds”
released on May 28, 2018.
3． Amount, use and schedule of disbursement of funds to be raised(1) Total amount
12 billion yen in total(2) Specific purpose of use
Funds will be used to redeem the Existing Long-term Borrowings(3) Scheduled date of disbursement
June 15, 2022
4．Status of borrowings payable, etc. after the Borrowings(1) Interest-bearing debt balance after the Borrowings(In millions of yen)
Beforethe Borrowings(As of June 8,2022)
Short-term borrowings

Afterthe Borrowings(As of June 15,2022)

Change000

26,50026,750250

207,150

206,900(250)

233,650

233,6500Investment corporation bonds
to be redeemed within one year

1,000

1,0000Investment corporation bonds

25,70025,7000260,350

260,3500(Note)

Long-term borrowings
to be repaid within one year
Long-term borrowings(Note)

Total amount of borrowings

Total amount of borrowings andinvestment corporation bonds(Note) Short-term borrowings refer to borrowings with a maturity period of one year or less, and long-term borrowings refer
to borrowings with a maturity period of more than one year.

2(2) Basic financing information after the Borrowings
Beforethe Borrowings(As of June 8,2022)
Long-term debt ratio(Note 1) (Note 4)

After
the Borrowings(As of June 15,2022)

Change(point)

100.0%

100.0%

0.0

89.4%

89.3%

(0.1)

98.3%

98.3%

0.0

Long-term debt ratio(excluding the long-term borrowings
to be repaid and investment
corporation bonds to be redeemedwithin one year) (Note 2) (Note 4)
Fixed interest ratio(Note 3) (Note 4)(Note 1) Long-term debt ratio is the ratio of the outstanding long-term borrowings (including the long-term borrowings to
be repaid within one year) and investment corporation bonds (including the investment corporation bonds to beredeemed within one year) to the total of outstanding interest-bearing debt.
(Note 2) Long-term debt ratio (excluding the long-term borrowings to be repaid and investment corporation bonds to beredeemed within one year) is the ratio of the outstanding long-term borrowings (excluding the long-termborrowings to be repaid within one year) and investment corporation bonds (excluding the investment corporation
bonds to be redeemed within one year) to the total of outstanding interest-bearing debt.
(Note 3) Fixed interest ratio is the ratio of the total of outstanding interest-bearing debt with fixed interest rates to the totalof outstanding interest-bearing debt. The total of outstanding interest-bearing debt with fixed interest rates
includes debts whose interest rates were converted into fixed interest rates by interest rate swap agreements.
(Note 4) Figures are rounded to the first decimal place.

5．Other
Regarding the risks related to the repayment of the Borrowings, there are no significant changes in the“Investment Risk” section of the securities report submitted on February 24, 2022.

*Website of API: https://www.activia-reit.co.jp/en/

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