DAIWA HOUSE REIT INVESTMENT CORPORATION
June 16, 2015
Investment Corporation: Daiwa House Residential Investment Corporation
7th Floor, Nissei Nagatacho Building
2-4-8 Nagatacho, Chiyoda-ku, Tokyo Tetsuji Tada, Executive Director (Code Number: 8984)
Asset Manager: Daiwa House Asset Management Co., Ltd.
Koichi Tsuchida, CEO & President
Inquiries: Hirotaka Uruma, CFO & Director Finance & Corporate Planning Department TEL: +81-3-3595-1265
Daiwa House Residential Investment Corporation ("DHI") announces its decision to undertake the prepayment of the loans. The details are as follows:
1. Details of Prepayment of the Loans
Short-term Loans (Debt Financing based on Commitment Line Agreement on September 5, 2011)
Lenders | The Bank of Tokyo-Mitsubishi UFJ, Ltd. Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Trust Bank, Limited (Note) Mizuho Bank, Ltd. |
Loan Amount | ¥800,000,000 |
Amount of Repayment | ¥800,000,000 (full repayment) |
Prepayment Date (planned) | June 30, 2015 |
Interest Rate | 0.63% (Variable interest rate) (from May 30, 2015 to June 30, 2015) |
Loan Date | September 26, 2014 |
Repayment Date | September 25, 2015 |
Repayment Method | Principal repayment in full on the maturity date |
Collateral | Unsecured, Unguaranteed |
(Note) Sumitomo Mitsui Trust Bank, Limited, constitutes an interested party as set forth in the bylaws of the Asset
Management Company.
This English language notice is a translation of the Japanese language notice and was prepared solely for the convenience of, and reference by,
overseas investors. DHI makes no warranties as to its accuracy or completeness.
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2. Funds for the Repayment
The Prepayment will be funded using cash on hands.
3. Future Prospects
The Prepayment will have only a minor impact on operating status forecasts for the fiscal period ending in August 2015 (19th Fiscal Period: from March 1, 2015 to August 31, 2015) and February
2016 (20h Fiscal Period: from September 1, 2015 to Feburuary 29, 2016), there is no revision to the operating status forecasts.
4. Other
For the risks concerning Prepayment etc., there are no significant changes from the security registration statement (submitted on May 22, 2015).
This English language notice is a translation of the Japanese language notice and was prepared solely for the convenience of, and reference by,
overseas investors. DHI makes no warranties as to its accuracy or completeness.
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[Reference]
Status of Balance of Interest-bearing Liabilities after the Prepayment (planned)
(Unit: million yen; rounded under million yen)
Before the Prepayment (as of June 16, 2015) | After the Prepayment (planned) (as of June 30, 2015) | Increase (Decrease) | ||
Short-term loans (Note 1) | Commitment Line I-7 | 800 | - | (800) (Note 2) |
Short-term loans (Note 1) | The Bank of Tokyo-Mitsubishi UFJ-2 | 3,250 | 3,250 | - |
Short-term loans (Note 1) | Mizuho Bank, Ltd. -1 | 3,250 | 3,250 | - |
Short-term loans (Note 1) | Sumitomo Mitsui Trust Bank, Limited -1 | 1,750 | 1,750 | - |
Short-term loans (Note 1) | Sumitomo Mitsui Banking Corporation -1 | 1,750 | 1,750 | - |
Long-term loans (Note 1) | Term loan III | 10,500 | 10,500 | - |
Long-term loans (Note 1) | Term loan IV | 31,800 | 31,800 | - |
Long-term loans (Note 1) | Resona Bank-1 | 1,095 | 1,095 | - |
Long-term loans (Note 1) | Term loan V | 7,000 | 7,000 | - |
Long-term loans (Note 1) | Term loan VI | 7,000 | 7,000 | - |
Long-term loans (Note 1) | The Bank of Tokyo-Mitsubishi UFJ-1 | 4,000 | 4,000 | - |
Long-term loans (Note 1) | Term loan VII | 12,400 | 12,400 | - |
Long-term loans (Note 1) | Term loan VIII | 7,600 | 7,600 | - |
Long-term loans (Note 1) | Term loan IX | 17,410 | 17,410 | - |
Long-term loans (Note 1) | Development Bank of Japan Inc.-1 | 1,500 | 1,500 | - |
Long-term loans (Note 1) | The Norinchukin Bank-1 | 3,500 | 3,500 | - |
Long-term loans (Note 1) | Term loan X | 6,858 | 6,858 | - |
Long-term loans (Note 1) | Development Bank of Japan Inc.-2 | 2,000 | 2,000 | - |
Long-term loans (Note 1) | Term Loan Ⅺ | 10,000 | 10,000 | - |
Total loans | 133,463 | 132,663 | (800) | |
Investment corporation bonds | 9,000 | 9,000 | - | |
Total interest-bearing liabilities | 142,463 | 141,663 | (800) |
(Note 1) Short-term loans are loans with maturity periods of one year or less and long-term loans are loans with maturity periods of over one year.
(Note 2) Decrease attributable to the prepayment announced today.
* This press release is (original Japanese version) to be distributed to the Kabuto Club (the press club of the Tokyo Stock Exchange); the Ministry of Land, Infrastructure, Transport and Tourism Press Club; and the Ministry of Land, Infrastructure, Transport and Tourism Press Club for Construction Publications.
* URL of the DHI's website: http://daiwahouse-resi-reit.co.jp/eng/
This English language notice is a translation of the Japanese language notice and was prepared solely for the convenience of, and reference by,
overseas investors. DHI makes no warranties as to its accuracy or completeness.
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