For Immediate Release

July 26, 2017

Advance Residence Investment Corporation

Securities Code：3269

1-105 Kanda-Jinbocho, Chiyoda-ku, Tokyo Kenji Kousaka, Executive Director

Asset Management Company:

AD Investment Management Co., Ltd.

Kenji Kousaka, President

Inquiries:

Tomoyuki Kimura, Director and General Manager

Corporate Management Department

TEL. +81-3-3518-0480

Notice Concerning Debt Financing and Redemption of Bond

Advance Residence Investment Corporation (ADR) announced today its decisions regarding debt financing and redemption of bond as detailed below.

1．Debt Financing

  1. Details of the Debt Financing

    （JPY:million）

    No.

    Lender

    Planned Drawdown Date

    Scheduled Amount

    Interest Rate(Note1) (fixed rate)

    Principal Repayment date

    Repayment Period

    Principal Repayment

    Collateral/ Guarantee

    1

    The Nishi-Nippon City Bank,Ltd.

    The Bank of Fukuoka,Ltd. The Iyo Bank,Ltd.

    The Bank of Kyoto,Ltd. Shinkin Central Bank

    September 11,

    2017

    2,500

    Unfixed(Note2)

    August 31,

    2027

    10.0 year

    Pay in full on the maturity date

    Unsecured Non-guaranteed

    2

    The Nishi-Nippon City Bank,Ltd.

    The Bank of Fukuoka,Ltd. The Iyo Bank,Ltd.

    The Chugoku Bank,Ltd. Shinkin Central Bank

    September 11,

    2017

    2,500

    Unfixed(Note2)

    Febrary 27,

    2026

    8.5 year

    Pay in full on the maturity date

    Unsecured Non-guaranteed

    Total or Weighted Average

    5,000

    9.2 year

    (Note1) Interest payment dates are, starting from Ocotber 2017, last business day of every January, April, July, October and the principal repayment date. (Note2) The interest rates for the loan will be announced separately.

  2. Purpose of the Debt Financing

    The fund procured from the debt financing will be used to redeem the existing bond due on September 12, 2017 .

  3. Scheduled Contract Date of Debt Financing July 31, 2017

2．Details of the Existing Bond to be Redeemed

(JPY:million)

No.

Lender

Drawdown Date

Scheduled Amount

Interest Rate (fixed rate)

Principal Repayment Date

Repayment Period

Principal Repayment

Collateral/ Guarantee

1

ADR Unsecured Bond #17 (with Pari Passu clause among specified investment corporation bonds)

September 12,

2012

8,000

0.87%

September 12,

2017

5.0year

Pay in full on the maturity date

Unsecured Non-guaranteed

Reference Material: Debt Financing Balance (As of September 12, 2017) (Note3)

（JPY:thousand）

Before Refinancing (Note4)

After Refinancing

Increase (Decrease)

Short-term Loans (Note5)

0

0

-

Long-term Loans (Note5)

192,074,329

193,874,329

1,800,000

Total Loans

192,074,329

193,874,329

1,800,000

Corporate Investment Bonds

34,500,000

29,500,000

▲5,000,000

Total interest-bearing debt

226,574,329

223,374,329

▲3,200,000

(Note3) The balance assumes on September 12, 2017 that the following actions until September 12, 2017.

  • Early repayment of the existing loan on July 31, 2017, which was announced in the press release titled "Notice Concerning Early Repayment of Loans" on July 4, 2017.

  • Refinancing of the existing loans maturing August 31, 2017.

  • Issuance bond (3,000,000 thousand yen) to redeem the existing bond (8,000,000 thousand yen) excepted above financing amount (5,000,000 thousand yen) on September 12, 2017.

(Note4) As of July 26, 2017.

(Note5) Short-term loans are loans with repayment dates within one year from drawdown date and long-term loans are loans with repayment dates that are more than one year away.

* URL: http://www.adr-reit.com/en/

[Provisional Translation Only]

English translation of the original Japanese document is provided solely for information purposes.

Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

Advance Residence Investment Corporation published this content on 26 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 July 2017 08:55:05 UTC.

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