FRONTIER REAL ESTATE INVESTMENT CORPORATION

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Frontier Real Estate Investment : Notice Concerning Execution and Repayment of Long-term Borrowings

11/18/2021 | 02:12am EDT

Translation Purpose Only

November 18, 2021

To All Concerned Parties

6-8-7 Ginza, Chuo-ku, Tokyo

Frontier Real Estate Investment Corporation

Takao Iwadou, Executive Director

(Securities Code: 8964)

Asset Management Company:

Mitsui Fudosan Frontier REIT Management Inc.

Shintaro Ono

Chief Executive Officer and Representative

Director

Inquiries:

Mitsui Fudosan Frontier REIT Management Inc.

Teruyuki Hayashi

Chief Finance Officer and Director

Tel: +81-3-3289-0440

Notice Concerning Execution and Repayment of Long-term Borrowings

Frontier Real Estate Investment Corporation (the "Investment Corporation") hereby announces that today it has decided to execute long-term borrowings and to repay existing borrowings. Details are provided below.

1. Execution of Long-term Borrowings

  1. Purpose

To appropriate for the repayment of long-term borrowings as of November 25, 2014 and November 21 2016.

(2)

Details

Lender

Amount

Drawdown

Maturity

Interest Rate

Repayment

Loan Type

Date

Date

of Principal

THE IYO BANK, LTD.

1,000

Nobember 22,

Nobember 21,

0.47000%

Million

2021

2031

Payment in full

Unsecured

on the maturity

Unguaranteed

1,000

Nobember 25,

Nobember 24,

date

The Hiroshima Bank, Ltd.

0.34000%

Million

2021

2028

(*) Interest Rate is fixed until the maturity date.

2. Repayment of Long-term Borrowings

Details of the repayment of long-term borrowings are as follows.

Lender

Borrowing

Drawdown

Maturity

Repayment

Loan Type

Amount

Date

Date

of Principal

THE IYO BANK, LTD.

1,000 Million

November 21,

November 22,

2016

2021

Payment in full

Unsecured

on the maturity

Unguaranteed

November 25,

November 25,

date

The Hiroshima Bank, Ltd.

1,000 Million

2014

2021

3. Change in the Balance of Borrowings etc.

(Unit

: Million)

Before

After

Variance

This refinance

This refinance

Short-term Borrowings

Long-term Borrowings

109,900

109,900

Investment Corporation

13,500

13,500

Bonds

Total

123,400

123,400

  1. Long-termBorrowings include the balance of borrowings due within one year.

4. Others

Regarding the loan repayment risk, there is no significant change to the "Investment risks" description in the latest securities report submitted on September 29, 2021.

Frontier Real Estate Investment Corporation website: https://www.frontier-reit.co.jp/en/

Disclaimer

This information was originally publicized in the original Japanese language and has been translated for reference purposes only. Frontier Real Estate Investment Corporation guarantees neither the completeness nor the accuracy of this English translation. For complete and accurate information, please refer to the press release in Japanese. In addition, this press release is not prepared as an inducement or invitation for investment. All readers are advised to consult their own investment advisors before investing in the Investment Corporation. Investment decisions are made at the investor's sole discretion and responsibility and are made at their own risk. The Investment Corporation and its affiliates disclaim any responsibility or liability for the consequence of investment in the Investment Corporation.

Disclaimer

Frontier Real Estate Investment Corporation published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 07:11:08 UTC.


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Sales 2021 21 605 M 167 M 167 M
Net income 2021 10 826 M 83,8 M 83,8 M
Net Debt 2021 109 B 846 M 846 M
P/E ratio 2021 23,4x
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Toshio Suzuki Supervisory Officer
Takao Iwadou Executive Officer
Koji Iida Supervisory Officer
Noriko Suzuki Supervisory Officer
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