ORIX JREIT Announces New Debt Financing

Transcription

1 For Immediate Release REIT Issuer: ORIX JREIT Inc. (TSE: 8954) Yutaka Okazoe President and Executive Director Asset Management Company: ORIX Asset Management Corporation Yoshitaka Kamemoto President and CEO Inquiries: Hajime Nakamura General Manager Corporate Planning Department TEL: ORIX JREIT Announces New Debt Financing TOKYO, March 25, 2014 We, ORIX JREIT Inc. ( OJR ), announces the following decision on new debt. 1. New debt summary 1) Long-term loan a. Lender The Bank of Tokyo-Mitsubishi UFJ, Ltd b. Loan amount JPY 1,710,000,000 c. Applicable interest rate To be determined (Note 1) (Fixed rate) d. Draw down date March 31, 2014 e. Loan terms Based on the term loan agreement dated March 27, The interest rate shall be announced at a later date, as soon as it is determined. 2) Long-term loan a. Lenders Aozora Bank, Ltd. Shinsei Bank, Ltd. Resona Bank, Ltd. b. Loan amount JPY 3,000,000,000 c. Applicable interest rate To be determined (Note 1) (Fixed rate) 1/5

2 f. Maturity October 1, The interest rate shall be announced at a later date, as soon as it is determined. myatria H jo ) announced March 3, ) Long-term loan a. Lender Sumitomo Mitsui Banking Corporation c. Applicable interest rate Basic interest rate(jba three month JPY TIBOR) (Note 1) +0.50% 4) Long-term loan a. Lender Sumitomo Mitsui Trust Bank, Limited c. Applicable interest rate Basic interest rate(jba three month JPY TIBOR) (Note 1) +0.50% 2/5

3 5) Long-term loan a. Lender Mitsubishi UFJ Trust and Banking Corporation c. Applicable interest rate Basic interest rate (JBA three month JPY TIBOR) (Note 1) +0.45% d. Draw down date April 4, 2014 f. Maturity April 2, 2021 acquisition (Note 2) scheduled on April 4, ) Long-term loan a. Lender Mizuho Bank, Ltd. b. Loan amount JPY 1,280,000,000 c. Applicable interest rate Basic interest rate(jba three month JPY TIBOR) (Note 1) +0.45% d. Draw down date April 4, 2014 f. Maturity April 2, 2021 acquisition (Note 2) scheduled on April 4, /5

4 1. Total amount to be borrowed, specific use of funds and scheduled repayment dates 1) Total amount JPY 13,670,000,000 2) Specific use of funds and scheduled repayment dates Specific use Amount (JPY million) Repayment date acquisition (Note ) scheduled on April 1, ,830 April 1, 2014 acquisition (Note ) scheduled on April 4, ,840 April 4, 2014 Note: For details, please refer to the press release ORIX JREIT Announces Asset Acquisitions ( SHIBUYA PINE Bldg., MG Ichigaya Building, JouLe SHIBUYA, intervillage OH! MAGARI, Valor Suzuka Shopping Center, The Kitahama PLAZA, West Park Tower IKEBUKURO, 3. Change in LTV from the above new debt (millions of yen) Before After Change (As of March 25, 2014) (As of April 4, 2014) Short-term loans Long-term loans 177, , ,670 Long-term debt due within one year (Note 5) 13,875 14,875 +1,000 Total of loans 177, , ,670 Investment corporation bonds 22,500 22,500 Sum of loans and investment corporation bonds 199, , ,670 Other interest-bearing debt Total interest-bearing debt 199, , ,670 LTV (based on total assets) (Note 1,4) 45.6% 47.2% +1.6% LTV (based on unitholders capital) (Note 2,4) 48.3% 50.0% +1.7% 1. LTV (based on total assets) (%) = Interest-bearing debt Total expected assets 100 Total expected assets is the net increase of interest-bearing debt since the end of the 23 rd fiscal period (ended August 2013) and net increase of unitholders capital added to the total assets as of the end of the 23 rd fiscal period (ended August 2013). 2. LTV (based on unitholders capital) (%) = Interest-bearing debt (Interest-bearing debt + Unitholders capital) Both LTVs are rounded to the nearest first decimal place. Accordingly, change in the LTVs may not be consistent with the corresponding figures as a result of rounding. 4. The calculation of the LTVs as of March 25, 2014 and April 4, 2014 include proceeds from the issue of new investment units through public offering to be paid in on March 18, 2013, but do not include proceeds from the issue of new investment units 4/5

5 through third-party allotment. 5. OJR takes into account 1 billion yen which will be due for repayment on March 26, For details, please refer to the press release 3) in 1. New debt summary in ORIX JREIT Announces New Debt Financing announced March 14, Additional information for investors There is no change to the content of OJR s Securities Report (Yukashoken Hokokusho) for the 23 rd fiscal period ended August 31, 2013 with respect to the risks involved in repayment etc. due to the new debt. 1. This is the English translation of original Japanese documents and is provided solely for information purposes. If there are any discrepancies between the translation and the Japanese original, the latter shall prevail. 2. The original Japanese version of this announcement was distributed today to the Kabuto Club, the Ministry of Land, Infrastructure, Transport and Tourism Press Club, and the Ministry of Land, Infrastructure, Transport and Tourism Construction Specialty Publication Press Club. 5/5