May 23, 2022
For immediate release
Advance Residence Investment Corporation
Securities Code：3269
1-105Kanda-Jinbocho, Chiyoda-ku, Tokyo
Wataru Higuchi, General Manager
Asset management company:
AD Investment Management Co., Ltd.
Takeshi Takano, President
Requests:
Isao Kudo, director
PHONE. +81-3-3518-0480
Notice Regarding Debt Financing and Loan Repayment
Advance Residence Investment Corporation (ADR) today announced its decisions to borrow funds to repay a maturing loan.
1. Debt financing (draw date: May 31, 2022)
- Debt financing details
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(JPY: million) |
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|
Foreseen |
Program |
Major |
Refund |
Major |
Collateral/ |
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|
Lender |
Sample |
Interest rate |
Refund |
|||||||||||
|
Rising |
Period |
Refund |
Guarantee |
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|
Date |
Date |
|||||||||||||
|
May |
May |
Pay in full |
Not guaranteed |
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|
Sumitomo Mitsui Banking Corporation |
1,560 |
Not fixed (Note 1) |
4.0 years |
on the |
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|
July 31, 2022 |
February 29, 2026 |
due date |
Not guaranteed |
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(Note 1) Loan interest rate will be announced separately. Interest payment dates are the last business day of January, April, July, October, beginning July 29, 2022 and ending on the principal repayment date.
1
[Provisional Translation]
This English translation of the original Japanese document is provided for informational purposes only. In the event of any discrepancy between this translation and the Japanese original, the latter shall prevail.
(2) Purpose of Debt Financing
Repay an existing loan due May 31, 2022
(3) Details of loan to be repaid
|
(JPY: million) |
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|
Foreseen |
Program |
Major |
Refund |
Major |
Collateral/ |
||||||||||
|
Lender |
Sample |
Interest rate |
Refund |
||||||||||||
|
Rising |
Period |
Refund |
Guarantee |
||||||||||||
|
Date |
Date |
||||||||||||||
|
November |
May |
Pay in full |
Not guaranteed |
||||||||||||
|
Sumitomo Mitsui Banking Corporation |
1,560 |
0.24690% |
3.5 years |
on the |
|||||||||||
|
30, 2018 |
July 31, 2022 |
Not guaranteed |
|||||||||||||
|
due date |
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Registration document: Debt financing balance (as of May 31, 2022)
|
（JPY: million） |
|||||
|
Before refinancing(Note 2) |
After refinancing |
Increase decrease) |
|||
|
Short term loan (Note 3) |
1,000 |
1,000 |
– |
||
|
Long term loans (Note 3) |
189 309 |
189 309 |
– |
||
|
Total loans |
190 309 |
190 309 |
– |
||
|
Corporate investment bonds |
36,600 |
36,600 |
– |
||
|
Total interest-bearing debt |
226 909 |
226 909 |
– |
(Note2) As of May 30, 2022
(Note 3) Short-term loans are loans with a maturity of less than one year from the draw date and long-term loans are loans with a maturity of more than one year.
About Advance Residence Investment Corporation
Advance Residence Investment Corporation is the largest residential J-REIT, investing in over 270 rental apartments located primarily in central Tokyo and other major cities in Japan (AUM over 460 billion yen). ADR can be expected to have a stable long-term dividend and can be considered a defensive J-REIT, thanks to stable income from residential assets and with the largest dividend pool among J-REITs.
ADR website: https://www.adr-reit.com/en/
2
[Provisional Translation]
This English translation of the original Japanese document is provided for informational purposes only. In the event of any discrepancy between this translation and the Japanese original, the latter shall prevail.
Warning
Advance Residence Investment Corporation published this content on May 23, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on May 23, 2022 06:45:05 UTC.
Public now 2022
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Technical Analysis Trends ADVANCE RESIDENCE INVESTMENT CORPORATION
| Short term | Middle term | Long term | |
| Tendencies | Bearish | Neutral | Neutral |
Evolution of the income statement
| Medium consensus | – |
| Number of analysts | 0 |
| Last closing price | 350,500.00 |
| Average target price | |
| Average Spread / Target | – |
