August 13, 2019
For Translation Purposes Only
Real Estate Investment Fund Issuer:
Mori Hills REIT Investment Corporation(Securities Code: 3234)
1-12-32 Akasaka, Minato-ku, Tokyo
Hideyuki Isobe, Executive Director
Asset Manager:
Mori Building Investment Management Co., Ltd.
Hideyuki Isobe, President & CEO
Inquiries: Ryosuke Kanazawa
Chief General Manager andGeneral Manager of Planning Department
TEL: +81-3-6234-3234

MHR Announces Conclusion of Interest Rate Swap Agreements
Mori Hills REIT Investment Corporation (hereafter “MHR”) concluded today the following interestrate swap agreements.
1. Purpose of Entering Interest Rate Swap Agreements
To hedge the risk of fluctuation in interest rate payments by converting to a virtual fixed rate
for the long-term loans payable.
2. Details of the Interest Rate Swap Agreements(1) Borrowings entered into interest rate swap agreements
Borrowing
Category

LenderamountInterest rate

(million yen)

Debt 1The Bank of Fukuoka

2,000

Debt 2The Norinchukin Bank

3,000

Debt 3

Sumitomo Mitsui
Banking Corporation

1,144

Drawdown

Repayment

dateDate (Note)

1-month JBA Japanese
Yen TIBOR + 0.150%

May

1-month JBA JapaneseMayYen TIBOR + 0.250%

31, 2019

31, 2026

1-month JBA JapaneseNovember

Yen TIBOR + 0.345%

30, 2027(Note) If any of the above repayment dates are not a business day, the next business day shall be thetermination or interest payment date. If this next business day falls into the following month, thebusiness day immediately prior shall be the termination or interest payment date.

1(2) Summary of interest rate swap agreements
CategoryCounterparty

Notional

Interest rate (Note 1)

principal

Fixed

Fluctuating

Commence-amountinterest

interest

ment date(million yen)raterate

0.01750%

1-month(Note 2)JBA

(Note 3)

Japanese

Debt 1
Mizuho Bank, Ltd.

5,000

Debt 2
Debt 3

Nomura Securities
Co.,Ltd.

1,144

0.05500%(Note 4)

YenTIBOR

Termination
Date(Note 1)

May
August31, 2026

15, 2019
November30, 2027(Note 1) The first interest payment date shall be the last day of August 2019 and subsequent payment
dates shall be the last day of every month thereafter. The last interest payment date shall be thetermination date. However, if any of the above dates are not a business day, the next business day
shall be that date. If this next business day falls into the following month, the business day
immediately prior shall be that date.
(Note 2) Due to the interest rate swap agreement, the interest rate for long-term loans payable for Debt 1
mentioned above will, in effect, be converted into a fixed interest rate of 0.16750% until thetermination date.
(Note 3) Due to the interest rate swap agreement, the interest rate for long-term loans payable for Debt 2
mentioned above will, in effect, be converted into a fixed interest rate of 0.26750% until thetermination date.
(Note 4) Due to the interest rate swap agreement, the interest rate for long-term loans payable for Debt 3
mentioned above will, in effect, be converted into a fixed interest rate of 0.40000% until thetermination date.

This press release was distributed to the Kabuto Club (the press club of the Tokyo Stock
Exchange), the Ministry of Land, Infrastructure, Transport and Tourism Press Club, and theMinistry of Land, Infrastructure, Transport and Tourism Press Club for Construction
Publications.
MHR’s website address is https://www.mori-hills-reit.co.jp/en/2