Translation Purposes Only | ||
March 24, 2022 | ||
For Immediate Release | ||
Real Estate Investment Trust Securities Issuer | ||
1-1-1 Akasaka, Minato-ku, Tokyo | ||
XYMAX REIT Investment Corporation | ||
Representa | Executive Director | Shotaro |
tive | Kanemitsu | |
(Securities Code 3488) | ||
Asset Management Company | ||
XYMAX REAL ESTATE INVESTMENT ADVISORS Corporation | ||
Represent | Representative | Shotaro |
ative | Director and President | Kanemitsu |
Contact | Head of Business | Tatsuya |
Planning Division | Nakayama |
TEL: +81-3-5544-6880
Notice Concerning Conclusion of Interest Rate Swap Agreement
XYMAX REIT Investment Corporation (the "Investment Corporation") has announced today that it has concluded an interest rate swap agreement as described below.
1. Reason for conclusion of interest rate swap agreement
Of the loans stated in "Notice Concerning Borrowings of Funds" announced on January 27, 2022, interest rate
swap agreement is being concluded for long-term borrowings of 982million yen due on January 31, 2025 for the purpose of hedging the risk of interest rate fluctuations by converting interest rate payable into a fixed rate.
2. Details of interest rate swap agreement
Notional | |||||
Counterparty | principal | Interest rate | Commencement | Termination | Interest payment dates |
(million | date | date | |||
yen) | |||||
The last day and the | |||||
last day of every month | |||||
thereafter starting on | |||||
Apr. 28 2022,(if the day | |||||
Fixed interest rate payable: 0.303% | is not a business day, | ||||
The Nanto | Mar. 31, | Jan. 31, | the business day | ||
982 | Floating interest rate receivable: | ||||
Bank, Ltd. | 2022 | 2025 | immediately following, | ||
JBA 1-month JPY TIBOR | |||||
and if the day falls into | |||||
the next month, the | |||||
business day | |||||
immediately preceding | |||||
the month) |
(Note) By concluding the agreement, of the borrowing described in the "Notice Concerning Borrowings of the Funds" announced on January 27, 2022, the interest rate relating to the 982million yen of long-term debt with a maturity date of January 31, 2025 will be effectively fixed at 0. 653%.
3. Other
Concerning the risks to the interest rate swap agreement described above, there are no material changes from the "Investment risks" disclosed in 2-2-3 of the latest Securities Registration Statement submitted on February 10, 2022.
* XYMAX REIT website address: https://xymaxreit.co.
Disclaimer: This press release is a document to publicize the conclusion of the XYMAX REIT's interest rate swap agreements to the public and is not prepared for the purpose of soliciting investment. When making an investment, investors are urged to make an investment at their own decision after reviewing the prospectus for the issuance of new investment units and the notification of sale of investment units prepared by the Investment Corporation, and the revisions thereof (if any).
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Xymax REIT Investment Corporation published this content on 24 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2022 07:07:05 UTC.