June 10, 2022
For Immediate Release
Real Estate Investment Trust Securities Issuer
1-7-2 Otemachi, Chiyoda-ku, Tokyo
SANKEI REAL ESTATE Inc.
Representative: Yuichi Ota, Executive Director
(TSE code: 2972)
Asset Management Company
Sankei Building Asset Management Co., Ltd.
Representative: | Yuichi Ota |
President and Chief Executive Officer | |
Contact: | Atsushi Mukai |
Director and Chief Finance & IR Officer | |
TEL: +81-3-5542-1316 |
Notice Concerning Early Repayment of Borrowings
SANKEI REAL ESTATE Inc. ("SANKEI REAL ESTATE") announces today that it decided to conduct early repayment of borrowings (the "Early Repayment"), as follows.
1. Early Repayment
- Details of borrowings to be repaid
i. Lender: | Mizuho Bank, Ltd. | |
Sumitomo Mitsui Banking Corporation | ||
ii. Borrowing amount: | 400 million yen | |
iii. | Interest rate: | Base interest rate (JBA 1-month Japanese Yen TIBOR) + 0.150% |
iv. | Borrowing date: | September 2, 2021 |
v. | Borrowing method: | Borrowing based on individual loan agreement dated August 31, 2021 with |
the lenders shown above | ||
vi. | Maturity date: | August 31, 2022 |
vii. | Repayment method: | Lump-sum repayment at maturity |
viii. | Security: | Unsecured and non-guaranteed |
- Amount to be repaid in the Early Repayment (principal amount) 400 milion yen
- Scheduled date of the Early Repayment July 4, 2022
- Funds for repayment
Consumption tax refund for the property acquired by SANKEI REAL ESTATE on September 2, 2021 is to be allocated to the Early Repayment.
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2. Status of borrowings, etc. after the Early Repayment
(Unit: million yen) | ||||
Before the Early | After the Early | Increase | ||
Repayment | Repayment | (Decrease) | ||
Short-term borrowings (Note) | 400 | － | (400) | |
Long-term borrowings (Note) | 50,200 | 50,200 | － | |
Repayment due within one year | 9,600 | 9,600 | － | |
Total borrowings | 50,600 | 50,200 | (400) | |
Investment corporation bonds | － | － | － | |
Total borrowings and investment corporation bonds | 50,600 | 50,200 | (400) |
(Note) "Short-term borrowings" refers to borrowings for which the period from the borrowing date to the maturity date is one year or less. "Long-term borrowings" refers to borrowings for which the period from the borrowing date to the maturity date is longer than one year.
3. Other
Concerning the risks associated with the Early Repayment, there is no significant change from the content of "Part 1. Fund Information; Section 1. Status of Fund; (3) Investment Risks" in the annual securities report submitted on May 30, 2022.
* SANKEI REAL ESTATE Inc. website: https://www.s-reit.co.jp/en/
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