This 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.
Representative: Yoshihiro Takatsuka, Executive Director
www.ichigo-office.co.jp/en
Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Hiroshi Iwai, President
Inquiries: Norio Nagamine, Head of Ichigo Office
Tel: +81-3-3502-4891
New Loan
Ichigo Office today decided to borrow funds via a new loan.
1. Loan Rationale
The new loan will be used to repay an existing loan (JPY 500 million). Details of the existing loan to be repaid are in Section 3 below.
2. New Loan Details
Loan
Repayment
Repayment
Loan Date
Lender
Amount
Interest Rate
Date
Collateralized
(JPY million)
(Loan Term)
Terms
Jan 31, 2022
Development Bank
500
TBD
Jan 25, 2029
Lump-sum
No
of Japan
(fixed rate)1
(7.0 years)
repayment
1 Interest payment date is the 25th of every third month following the first interest payment date (the first payment date will be April 25, 2022 and the last payment date will be the same as the principal repayment date). In the event the interest payment date is not a business day, payment shall be made on the following business day. If the following business day falls into the following month, payment shall be made on the previous business day. Ichigo Office will announce the interest rate after it is determined.
1
3.
Existing Loan Being Repaid
Loan
Repayment
Repayment
Loan Date
Lender
Amount
Interest Rate
Date
Collateralized
(JPY million)
(Loan Term)
Terms
Nov 2, 2016
Development Bank
500
0.70801%
Jan 31, 2022
Lump-sum
No
of Japan
(fixed rate)
(5.3 years)
repayment
4.
Earnings Outlook
The impact of the new loan on Ichigo Office's April 2022 and October 2022 fiscal period earnings has already been reflected in the forecast presented in Ichigo Office's December 14, 2021 release "October 2021 Fiscal Period Earnings."
5. Other
Risks related to the loan have no material impact on the "Investment Risks" described in the latest Financial Report submitted on July 29, 2021.
2
Loan and Bond Composition after New Loan
Outstanding Loan and Bond Balance
(JPY
million)
Before
After
Change
New Loan
New Loan
(B) - (A)
(A)
(B)
Short-term bank loans
-
-
-
Long-term bank loans
104,334
104,334
-
Total bank loans
104,334
104,334
-
Bonds
6,900
6,900
-
Total bank loans and bonds
111,234
111,234
-
Distribution of Loan and Bond Maturities
Before New Loan
■ Bank Loans (floating rate)
■ Bank Loans (fixed rate)
■ Bonds
9,633
9,623
9,812
9,056
8,846
8,908
7,647
1,000
1,200
7,767
7,346
1,000
4,600
5,494
4,947
4,899
7,953
4,192
7,246
4,118
7,856
4,027
1,200
1,000
2,900
6,346
3,047
2,000
3,118
3,747
500
900
955
600
(JPY million)
1,500
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
2022
2022
2023
2023
2024
2024
2025
2025
2026
2026
2027
2027
2028
2028
2029
2029
2030
2030
2031
2031
2032
After New Loan
■ Bank Loans (floating rate)
■ Bank Loans (fixed rate)
■ New Loan
■ Bonds
(JPY million)
9,633
9,623
9,812
9,056
8,846
8,908
8,267
1,000
1,200
7,647
7,346
500
1,000
4,600
5,494
7,953
4,947
4,899
4,192
4,118
4,027
7,246
7,856
1,200
2,900
6,346
1,000
7,767
3,047
2,000
3,118
3,747
1,500
900
600
955
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
Oct
Apr
2022
2022
2023
2023
2024
2024
2025
2025
2026
2026
2027
2027
2028
2028
2029
2029
2030
2030
2031
2031
2032
3
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Disclaimer
Ichigo Office REIT Investment Corporation published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 06:25:09 UTC.
Ichigo Office REIT Investment Corp is a real estate investment trust (REIT). It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Company mainly invests in office buildings in central Tokyo, other metropolitan areas and other major cities nationwide. Its property portfolio includes Ichigo Nishisando Building, Ichigo Mita Building, Ichigo Uchikanda Building, Ichigo Shin-Yokohama Building, Ichigo Nishi Ikebukuro Building, Ichigo Sakae Building, Ichigo Marunouchi Building, and among others. The asset manager of the Fund is Ichigo Investment Advisors Co Ltd.