February 8, 2019
For Immediate Release
Investment Corporation:
Daiwa House REIT Investment Corporation
2-4-8, Nagatacho, Chiyoda-ku, Tokyo
Jiro Kawanishi, Executive Director(TSE Code: 8984)
Asset Manager:
Daiwa House Asset Management Co., Ltd.
Koichi Tsuchida, President and CEO
Inquiries:
Haruto Tsukamoto, Director and CFO
TEL. +81-3-3595-1265

Notice Concerning Debt Financing and Refinancing
Daiwa House REIT Investment Corporation (“DHR”) hereby announces that it decided today to conduct debt
financing and repayment of loans (collectively referred to as the “Transaction”) as described below.
Debt financing scheduled on March 27, 2019 and March 29, 20191.

(1) Details of the debt financing

CategoryLender

Sumitomo Mitsui Trust
Bank, Limited; Sumitomo
Mitsui Banking
Corporation;
MUFG Bank, Ltd.;
Mizuho Bank, Ltd.
Sumitomo Mitsui Trust
Bank, Limited;Long
Aozora Bank, Ltd.;-term
The Norinchukin Bank;
Sumitomo Mitsui Banking
Corporation;
The Chiba Bank, Ltd.;
Mizuho Bank, Ltd.;The Bank of Fukuoka,Ltd.;The Shizuoka Bank, Ltd.
Total

Anticipatedborrowing
Borrowingamountperiod(millionyen)

4,000

3.4 years

Interestrate

Floating/ fixed

Anticipated Principal
Method ofdate ofrepayment
repayment
execution
date

Baseinterest
rate+0.18%(Note 1)

Floating

March 27,2019

August 31,
2022

Bulletrepayment
7,600

6.5 years

TBD(Note 2)

Fixed

March 29,
2019

Collateral

Unsecuredand nonguaranteed

September
30, 2025

11,600(Note 1) “Base interest rate” is the JBA 1-month Japanese yen TIBOR (Tokyo Interbank Offered Rate) at 11 a.m. as of two business days
prior to the loan disbursement date and subsequently the latest interest payment date. For the JBA Japanese yen TIBOR, which isthe base interest rate, please refer to the JBA TIBOR Administration website (http://www.jbatibor.or.jp/english/rate/). The firstinterest payment date is the last day of April 2019 and subsequent interest payment dates are the last day of every month and theprincipal repayment date (in case such date is not a business day, the following business day will be the interest payment date;however, in case this following business day falls into the following month, the immediately preceding business day will be theinterest payment date).
(Note 2) The interest rate will be announced once determined. The first interest payment date is the last day of May 2019 and subsequentinterest payment dates are the last day of every three months thereafter and the principal repayment date (in case such date is not abusiness day, the following business day will be the interest payment date; however, in case this following business day falls into
the following month, the immediately preceding business day will be the interest payment date).

Disclaimer: This announcement is prepared for the public disclosure of debt financing and refinancing of DHR and has not been
prepared for the purpose of soliciting investment.
-1-(2) Reason for conducting the debt financing
DHR will conduct the debt financing of 4,000 million yen on March 27, 2019 to repay its long-term loans
maturing on March 27, 2019, and will conduct the debt financing of 7,600 million yen on March 29, 2019 torepay its long-term loans maturing on March 29, 2019.
Details of the existing loan to be repaid(3)Category

LenderBorrowingamount(millionyen)

Borrowing
periodInterest
rate

Floating/ Date of
fixed
execution

Principal
repayment
date

MUFG Bank, Ltd.

4,000

7.0 years

1.07%FixedMarch27, 2012

March 27,2019

3.0 years

0.26091%(Note)

Sumitomo Mitsui Trust
Bank, Limited;
Aozora Bank, Ltd.;The Norinchukin Bank;Long
The Chiba Bank, Ltd.;-term
Sumitomo Mitsui Banking
Corporation;
Mizuho Bank, Ltd.;The Bank of Fukuoka,Ltd.;The Shizuoka Bank, Ltd.

7,600

Total

11,600(Note)March31, 2016

March 29,
2019

Anticipat
Floating/
ed date of
fixed
execution

Principal
repayment
date

Floating

Method ofrepayment

Collateral

Bulletrepayment

Unsecuredand nonguaranteed

Method ofrepayment

Collateral

Bulletrepayment

Unsecuredand nonguaranteed

The interest rate applied from January 31, 2019 to February 27, 2019.

Debt financing scheduled on April 5, 2019 and April 10, 20192.

(1) Details of the debt financing
Anticipatedborrowingamount(millionyen)

Borrowing
periodMitsui Sumitomo
Insurance Company, Ltd.

1,000

7.1 years

Nippon Life Insurance
Company500

8.1 years

Development Bank ofLong Japan Inc.
-term

1,500

9.1 years

Category

LenderSumitomo Mitsui BankingCorporation;
Sumitomo Mitsui Trust
Bank, Limited;
MUFG Bank, Ltd.;
Mizuho Bank, Ltd.

6,000

3.6 years

InterestrateApril 30,2026
TBD(Note 1)
(Note 2)

FixedApril 5,2019

April 30,2027
April 28,2028

Baseinterest
rate+0.23%(Note 3)(Note 4)

Floating

April 10, October 31,
2019
2022

Disclaimer: This announcement is prepared for the public disclosure of debt financing and refinancing of DHR and has not been
prepared for the purpose of soliciting investment.
-2-Category

LenderSumitomo Mitsui Banking
Corporation;
The Norinchukin Bank;
Sumitomo Mitsui Trust
Bank, Limited;
Shinsei Bank, Limited;
Shinkin Central Bank;
The Bank of Fukuoka, Ltd;The Chiba Bank, Ltd.;The 77 Bank, Ltd.;The Nishi-Nippon CityLong Bank, Ltd.;-term The Iyo Bank, Ltd.;The Chugoku Bank, Ltd.
Sumitomo Mitsui Banking
Corporation;
Mizuho Bank, Ltd.;
Sumitomo Mitsui Trust
Bank, Limited,
Resona Bank, Limited;
Mizuho Trust & Banking
Co., Ltd.;MUFG Bank, Ltd.
Total
(Note 1)
(Note 2)

(Note 3)(Note 4)(Note 5)(Note 6)(2)

Anticipatedborrowingamount(millionyen)

Borrowing
periodInterest
rate

Anticipat
Floating/
ed date of
fixed
execution

Principal
repayment
date

8,100

5.6 years

TBD(Note 1)
(Note 5)

Fixed

October 31,2024

April 10,2019

10,40010.0 years

Baseinterest
rate+0.40%(Note 3)(Note 4)

Fixed
(Note6)

Method ofrepayment

Collateral

Bulletrepayment

Unsecuredand nonguaranteed

April 27,2029

27,500The interest rate will be announced once determined.
The first interest payment date is the last day of August 2019 and subsequent interest payment dates are the last day of themonths of February and August and the principal repayment date (in case such date is not a business day, the following business
day will be the interest payment date; however, in case this following business day falls into the following month, theimmediately preceding business day will be the interest payment date).
“Base interest rate” is the JBA 1-month Japanese yen TIBOR (Tokyo Interbank Offered Rate) at 11 a.m. as of two businessdays prior to the loan disbursement date and subsequently the latest interest payment date. For the JBA Japanese yen TIBOR,
which is the base interest rate, please refer to the JBA TIBOR Administration website (http://www.jbatibor.or.jp/english/rate/).
The first interest payment date is the last day of April 2019 and subsequent interest payment dates are the last day of every
month and the principal repayment date (in case such date is not a business day, the following business day will be the interest
payment date; however, in case this following business day falls into the following month, the immediately preceding business
day will be the interest payment date).
The first interest payment date is the last day of May 2019 and subsequent interest payment dates are the last day of every threemonths thereafter and the principal repayment date (in case such date is not a business day, the following business day will be
the interest payment date; however, in case this following business day falls into the following month, the immediatelypreceding business day will be the interest payment date).
Although the term loan agreement is based on a floating interest rate, DHR intends to fix the interest rate for the anticipated dateof execution and thereafter by entering into an interest rate swap agreement. The execution of the interest rate swap agreement
will be announced once determined.

Reason for conducting the debt financing

DHR will conduct the debt financing of a total of 27,500 million yen long-term loans to use as part of the funds
for acquiring the trust beneficiary interests of the anticipated acquisitions (13 properties with a total anticipatedacquisition price of 67,090 million yen), as announced today in the press release “Notice Concerning Acquisition
and Leasing of Trust Beneficiary Interests in Domestic Real Estate”, and other related expenses.

Disclaimer: This announcement is prepared for the public disclosure of debt financing and refinancing of DHR and has not been
prepared for the purpose of soliciting investment.
-3-3.

Status of interest-bearing debt after the Transaction

Short-term loans
Current portion of long-term loans
Long-term loans
Total loans
Investment corporation bonds
Total interest-bearing debt
4.

Before(as of February 8, 2019)－40,510261,758
302,268
19,000321,268After(as of April 10, 2019)－
36,810292,958
329,768
19,000348,768(Unit: million yen)
Increase /Decrease－(3,700)
31,20027,500－27,500Other

For the risks concerning this matter, there are no changes from the security registration statement submitted on
February 8, 2019.
* Distribution of this material: This material is distributed to “Kabuto Club” (a media correspondents’ club at theTokyo Stock Exchange), the press club at the Ministry of Land, Infrastructure, Transport and Tourism and thepress club for construction trade newspapers at the Ministry of Land, Infrastructure, Transport and Tourism.
* DHR’s website: https://www.daiwahouse-reit.co.jp/en

Disclaimer: This announcement is prepared for the public disclosure of debt financing and refinancing of DHR and has not been
prepared for the purpose of soliciting investment.
-4-