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Tokyu REIT : Notice Concerning Amendment to Commitment Line Agreement
Tokyu REIT : Notice Concerning Amendment to Commitment Line
About this update from Tokyu Reit, Inc.
April 22, 2022 Real Estate Investment Trust Unit Issuer: TOKYU REIT, Inc. 1-12-1, Dogenzaka, Shibuya-ku, Tokyo, 150-0043, Japan Kazuyoshi Kashiwazaki Executive Director (Securities Code: 8957) Investment Management Company: Tokyu Real Estate Investment Management Inc. Representative: Kazuyoshi Kashiwazaki Representative Director & President, Chief Executive Officer Inquiries: Yuji Shimizu General Manager, Finance and IR TEL: +81-3-5428-5828 Notice Concerning Amendment to Commitment Line Agreement TOKYU REIT, Inc. ("TOKYU REIT") has today amended the term of its commitment line agreement. Brief details are as follows. 1. Amendment to Commitment Line Agreement (1) Rationale (2) Lender (3) Limit for the Commitment Line (4) Agreement Execution Date (5) Commitment Period (6) Securities/Guarantee (7) Application of Funds The amendment is made with the aim of securing flexibility and stability in fund procurement following the expiration of the commitment line agreement (including amendments thereto) concluded on April 20, 2012. Sumitomo Mitsui Trust Bank, Limited ¥ 2.0 billion April 22, 2022 (Prior to amendment) April 23, 2021 to April 22, 2022 (After amendment) April 23, 2022 to April 22, 2023 Unsecured/Unguaranteed Operating fund 2. Others With the amendment to commitment line agreements, there is no change to the "Investment risks" of the latest securities report submitted on April 22, 2022. [Reference] 1. The Latest Timely Disclosure Relating to the Abovementioned Commitment Line Agreement April 22, 2021 Notice Concerning Amendment to Commitment Line Agreement 2. Others Prior to concluding these commitment line agreements, TOKYU REIT had arranged a commitment line agreement with Development Bank of Japan Inc. limited to ¥8.0 billion; agreements with both Sumitomo Mitsui Trust Bank, Limited and MUFG Bank, Ltd., with each agreement limited to ¥3.2 billion; and an agreement with Mizuho Bank, Ltd. limited to ¥1.6 billion. As of today, TOKYU REIT has not undertaken any of these Commitment Line Borrowings. This notice may contain forward-looking statements, such as current plans, strategies, and future performance. These forward-looking statements are based on judgments obtained from currently available information. Please be advised that, for a variety of reasons, actual results may differ materially from those discussed in the forward-looking statements. Events that might affect actual results include, but are not limited to, fluctuations of the real estate market in Japan, general conditions of the Japanese economy, competitive pressures and relevant regulations. This notice is a translation of the original document in Japanese and is prepared solely for the convenience of non-Japanese speakers. There is no assurance as to the accuracy of the English translation. The original Japanese notice shall prevail in the event of any discrepancies between the translation and the Japanese original.