February 24, 2022
Press Release
Issuer of Real Estate Investment Trust Securities
MORI TRUST Sogo Reit, Inc.
4-3-1 Toranomon, Minato-ku, Tokyo
Masayuki Yagi,
Executive Director (TSE code 8961)
Asset Management Company:
MORI TRUST Asset Management Co., Ltd. Michio Yamamoto
President and Representative Director Contact:
Hiroshi Naito
General Manager, Strategic Management Department,
Sogo REIT Management Division
Phone: +81-3-6435-7011
Notice of New Loans and
Extension of period of Credit Line Agreement (Uncommitted)
Tokyo, February 24, 2022 - Mori Trust Sogo Reit, Inc. (MTR) has announced details of new loans and the extension of period of credit line agreement (uncommitted) as follows:
Ⅰ . New Loans
1. Reason for loans
Due to the repayment of existing loans, which reach maturity February 28, 2022.
2. Loan details | ||||
[Long-term loans] | (Million yen) | |||
Lender | Loan Amount | Interest Rate | Loan Type and | Drawdown Date and |
Repayment Method | Repayment Date | |||
Sumitomo Mitsui | 0.46880% | Unsecured/ | February 28, 2022 | |
1,500 | non-guaranteed | |||
Banking Corporation | fixed interest rate | February 27, 2026 | ||
Bullet payment | ||||
Development Bank | 0.71125% | Unsecured/ | February 28, 2022 | |
3,000 | non-guaranteed | |||
of Japan Inc. | fixed interest rate | February 28, 2029 | ||
Bullet payment | ||||
0.79250% | Unsecured/ | February 28, 2022 | ||
MUFG Bank, Ltd. | 500 | non-guaranteed | ||
fixed interest rate | February 28, 2030 | |||
Bullet payment | ||||
Total | 5,000 | － | － | － |
Disclaimer:
This English language document is provided as a service and is not intended to be an official statement. Should a discrepancy be found, the Japanese original will always govern the meaning and interpretation.
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3. Use of funds
Repayment of existing loans.
- Extension of period of Credit Line Agreement (Uncommitted) 1. Reason for extension of period
To ensure flexible fund procurement by extending current agreement
2. Details(Million yen)
Lender | Maximum Limit | Loan Type and | Expiration Date | Expiration Date |
for Credit Line | Repayment Method | (current) | (new) | |
Unsecured/ | ||||
Mizuho Bank, Ltd. | 10,000 | non-guaranteed | February 28, 2022 | February 28, 2023 |
Bullet payment | ||||
Sumitomo Mitsui | Unsecured/ | |||
10,000 | non-guaranteed | February 28, 2022 | February 28, 2023 | |
Banking Corporation | ||||
Bullet payment | ||||
Ⅲ. Status of loans and bonds after the new loans
(Million yen) | |||
Before | After | Increase/Decrease | |
Short-term loans | 6,000 | 6,000 | － |
Long-term loans | 135,000 | 135,000 | － |
Investment Corporation | 13,000 | 13,000 | － |
Bonds | |||
Total | 154,000 | 154,000 | － |
Disclaimer:
This English language document is provided as a service and is not intended to be an official statement. Should a discrepancy be found, the Japanese original will always govern the meaning and interpretation.
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