September 27, 2021
For Immediate Release
Real Estate Investment Trust Securities Issuer:
Comforia Residential REIT, Inc
21-1 Dogenzaka 1-chome,Shibuya-ku,Tokyo
Takehiro Izawa
Executive Director
(Code: 3282)
Asset Management Company:
TLC REIT Management Inc.
Masaoki Kanematsu
President & CEO
Inquiries:
Daisuke Kawauchi
General Manager of Strategy Department
Comforia Management Division
(TEL: +81-3-6455-3388)
Notice Concerning Execution of Commitment Line Agreement
Comforia Residential REIT, Inc ("CRR") announces that it decided today to execute a Commitment Line Agreement. Details are as follows:
1．Reasons for concluding commitment line agreement
CRR decided to enter into the ¥13,500 million commitment line with Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, and MUFG Bank, Ltd. to secure flexible and stable financing for the future potential acquisition of properties and other purposes.
The commitment line agreement was established since the existing ¥13,500 million commitment line agreement with Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, and MUFG Bank, Ltd. will be terminated on September 28, 2021.
2．Details of commitment line agreement
① | Counterparties | ： Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, | |
MUFG Bank, Ltd. | |||
② | Amount of Borrowing Limit | ： | 13,500 million yen |
③ | Date of the agreement | ： | September 27, 2021 |
④ | Term of the agreement | ： September 29, 2021 to September 28, 2022 | |
⑤ | Security and guarantee | ： | Unsecured and unguaranteed |
*Website of CRR: https://www.comforia-reit.co.jp/en/