March 24, 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
0.4
determined
Tokio Marine & Nichido Fire
March
March
shown at left asbillion(Fixed rate)
Insurance Co., Ltd.
31, 2022
31, 2027
the creditor,yen(Note 2)lump-sum(Note 3)
repayment,unsecured, andunguaranteed
Borrowing basedon a borrowing
agreement with
To be
the lenders
Mizuho Trust & Banking Co., Ltd.
2.9
determined
March
March
shown at left asShinkin Central Bankbillion(Fixed rate)31, 2022
31, 2029
the creditor,
The 77 Bank, Ltd.
yen(Note 2)
lump-sum(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 September 2022 and the last days of March and September ineach year thereafter as well as on the due date of the principal. (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 precedingbusiness day.)12． Reasons for the Borrowings
API will use the funds from the Borrowings to redeem long-term borrowings of 3.3 billion yen(the ”Existing Long-term Borrowings”) with a due date of March 31, 2022. For the details of the Existing
Long-term Borrowings, please refer to “Notice Concerning Borrowing of Funds” released on March 26,
2015, and “Notice Concerning Borrowing of Funds and Early Repayment of Borrowings ” released on
March 27, 2017 .
3． Amount, use and schedule of disbursement of funds to be raised(1) Total amount
3.3 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
March 31, 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 March 24,2022)
Short-term borrowings

Afterthe Borrowings(As of March 31,2022)

Change000

17,80022,5004,700

215,850

211,150(4,700)

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 referto borrowings with a maturity period of more than one year.

2(2) Basic financing information after the Borrowings
Beforethe Borrowings(As of March 24,2022)
Long-term debt ratio(Note 1) (Note 4)

Afterthe Borrowings(As of March 31,2022)

Change(point)

100.0%

100.0%

0.0

92.8%

91.0%

(1.8)

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 tobe 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．OtherRegarding 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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