August 27, 2021
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: Akira Nemoto
General Manager of Financial 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 interest
rate 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 disclosed in the press release “MHR Announces Information
on Borrowings” dated August 25, 2021 and the existing 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,Ltd.

500

Debt 2

Chugoku Bank, Ltd.

1,000

Debt 3

The Norinchukin Bank

1,000

Debt 4

Shinsei Bank, Limited

1,000

Debt 5

Aozora Bank, Ltd.

1,000

Debt 6

Sumitomo Mitsui
Banking Corporation

1,500

Debt 7

Mizuho Bank, Ltd.

1,500

Debt 8The Nishi-Nippon City
Bank, Ltd.

700

Drawdown

Repayment

date

Date (Note)3-month JBA Japanese

July 31,

Yen TIBOR + 0.150%2027

3-month JBA Japanese

July 31,

Yen TIBOR + 0.230%

2028
August 2,

3-month JBA Japanese2021

Yen TIBOR + 0.300%

July 31,2029

3-month JBA Japanese
Yen TIBOR + 0.320%
3-month JBA JapaneseAugust 31,

Yen TIBOR + 0.300%

August 31,2029

3-month JBA Japanese

2021

August 31,

Yen TIBOR + 0.250%2030

3-month JBA JapaneseAugust 2,

July 31,

Yen TIBOR + 0.400%

2021

2031

(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
Interest rate

Notional
Category

Debt 1
Debt 2

Counterparty

Nomura Securities
Co.,Ltd.
Nomura Securities
Co.,Ltd.

principalFixedFluctuating

Commence-amountinterest

interest

ment date(million yen)raterate

500
1,000

Mizuho Bank, Ltd.

3,000

July 31,(Note 1)2027

0.04800%

July 31,(Note 1)2028

0.05360%(Note 1)

Debt 5
Debt 6

Mizuho Bank, Ltd.

1,500

Debt 7

Mizuho Bank, Ltd.

1,500

Debt 8Mizuho Bank, Ltd.

700

Date
(Note3)0.04100%

Debt 3
Debt 4

Termination

0.05420%(Note 2)3-monthJBA
Japanese
Yen
TIBOR

July 31,
August2029

31, 2021
August 31,2029

0.06700%

August 31,(Note 2)2030

0.08860%

July 31,(Note 1)2031

(Note 1) The first interest payment date shall be the last day of October 2021 and subsequent payment
dates shall be the last day of January, April, July, and October every year thereafter. The lastinterest payment date shall be the termination date. However, if any of the above dates are not abusiness day, the next business day shall be that date. If this next business day falls into thefollowing month, the business day immediately prior shall be that date.
Due to the interest rate swap agreements, the interest rates for long-term loans payable for fromDebt 1 to 5 and 8 mentioned above will, in effect, be converted into fixed interest rates respectively
as follows until the termination date.
0.19100% for Debt 1, 0.27800% for Debt 2, 0.35360% for Debt 3 and Debt 4, 0.37360% for Debt 5,0.48860% for Debt 8(Note 2) The first interest payment date shall be the last day of November 2021 and subsequent payment
dates shall be the last day of February, May, August, and November every year thereafter. The
last interest payment date shall be the termination 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 thefollowing month, the business day immediately prior shall be that date.
Due to the interest rate swap agreements, the interest rates for long-term loans payable for Debt 6
and 7 mentioned above will, in effect, be converted into fixed interest rates respectively as follows
until the termination date.
0.35420% for Debt 6, 0.31700% for Debt 7(Note 3) If the termination date is 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.

MHR’s website address is https://www.mori-hills-reit.co.jp/en/2