August 25, 2025
For Immediate Release
REIT Issuer HEIWA REAL ESTATE REIT, Inc.
5-1 Nihonbashi Kabuto-cho, Chuo-ku, Tokyo
Aya Motomura, Executive Director
(Securities Code: 8966) Asset Management Company
HEIWA REAL ESTATE Asset Management CO., LTD. Masanori Hirano, Representative Director, President and Chief Executive Officer Inquiries: Naomi Kawasaki, General Manager of Planning & Finance Department
TEL. +81-3-3669-8771
Notice Concerning Borrowing of Funds
HEIWA REAL ESTATE REIT, Inc. (the "Investment Corporation") announced today the following decision to borrow funds as described below.
Details
Borrowing of Funds
Details of Borrowings
Term Loan 83-① Tranche A
Lender
MUFG Bank, Ltd.
Loan Amount
1,000 million yen
Interest Rate
TBD(Fixed interest rate)(Note1)
Drawdown Date
August 29, 2025
Borrowing Method
Borrowing based on the individual loan agreements with the above lender scheduled to be concluded on August 27, 2025
Interest Payment Date
The last day of every January, April, July and October (the first interest payment date
shall be October 31, 2025) and the principal repayment date (however, in the event that one of these days is not a business day, the business day immediately preceding it)
Principal Repayment Date
November 30, 2029
Principal Repayment Method
Lump-sum repayment on the principal repayment date
Collateral and Guarantee
Unsecured and unguaranteed
- 1 -
aTerm Loan 83-① Tranche B
Lender
MUFG Bank, Ltd.
Loan Amount
700 million yen
Interest Rate
TBD(Fixed interest rate)(Note1)
Drawdown Date
August 29, 2025
Borrowing Method
Borrowing based on the individual loan agreements with the above lender scheduled to
be concluded on August 27, 2025
Interest Payment Date
The last day of every January, April, July and October (the first interest payment date shall be October 31, 2025) and the principal repayment date (however, in the event that
one of these days is not a business day, the business day immediately preceding it)
Principal Repayment Date
November 30, 2032
Principal Repayment Method
Lump-sum repayment on the principal repayment date
Collateral and Guarantee
Unsecured and unguaranteed
Term Loan 83-②
Lender
Mizuho Bank, Ltd.
Loan Amount
1,300 million yen
Interest Rate
Base interest rate (JBA 1-month Japanese Yen TIBOR) + 0.620% (Note2)
Drawdown Date
August 29, 2025
Borrowing Method
Borrowing based on the individual loan agreements with the above lender scheduled to
be concluded on August 27, 2025
Interest Payment Date
The last day of every month (the first interest payment date shall be September 30, 2025) and the principal repayment date (however, in the event that one of these days is not a
business day, the business day immediately preceding it)
Principal Repayment Date
November 30, 2033
Principal Repayment Method
Lump-sum repayment on the principal repayment date
Collateral and Guarantee
Unsecured and unguaranteed
Term Loan 83-③
Lender
Sumitomo Mitsui Trust Bank,Limited
Loan Amount
1,966 million yen
Interest Rate
Base interest rate (JBA 1-month Japanese Yen TIBOR) + 0.570% (Note2)
Drawdown Date
August 29, 2025
Borrowing Method
Borrowing based on the individual loan agreements with the above lender scheduled to
be concluded on August 27, 2025
Interest Payment Date
The last day of every month (the first interest payment date shall be September 30, 2025)
and the principal repayment date (however, in the event that one of these days is not a business day, the business day immediately preceding it)
Principal Repayment Date
May 31, 2034
Principal Repayment Method
Lump-sum repayment on the principal repayment date
Collateral and Guarantee
Unsecured and unguaranteed
(Note1) The interest rate will be announced when determined.
(Note2) The base interest rate applicable to the calculation period for the interest payable on an interest payment date is the 1-month Japanese Yen TIBOR released by JBA TIBOR Administration (the "JBATA") two business days preceding the first day of each Interest
calculation period. For JBA's Japanese Yen TIBOR, please check with JBATA's website (https://http://www.jbatibor.or.jp/english/rate/).
Reason for Borrowings
The total amount of proceeds from the borrowing described above will be used to partly find the acquisition of "LUCID SQUARE SEMBA", and the expenses associated with the acquisition.
* For more details about the acquisition of the specified asset, please refer to the press release "Notice Concerning Acquisition of Domestic Asset (LUCID SQUARE SEMBA)" announced on August 8, 2025.
Status of Interest-Bearing Liabilities after Borrowing of Funds
(Unit: million yen, fractions of one unit have been rounded off)
Before Borrowing of funds
After Borrowing of funds
Change
Short-term loans
0
0
-
Long-term loans due
within 1 year
14,241
14,241
-
Long-term loans
101,263
106,229
4,966
Total loans
115,504
120,470
4,966
Investment corporation bonds
7,900
7,900
-
Total interest-bearing liabilities
123,404
128,370
4,966
Other
The risks associated with the borrowing of fundsas described above do not change from those detailed in "Investment Risks" in the securitiesregistration statement, which was submitted on May 19, 2025 and the periodic securities report (yuka shoken hokokusho) for the fiscal period ended November 2024 (46th Fiscal Period), which was submitted on February 25, 2025.
* Investment Corporation Website: https://www.heiwa-re.co.jp/en/
DISCLAIMER:
Heiwa Real Estate REIT, Inc. makes no assurance or warranty with respect to the completeness or accuracy of this English translation. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail. For complete and accurate information, please refer to the Japanese original.