Translation of Japanese Original
July 26, 2022
To All Concerned Parties
REIT Issuer:
Kenedix Residential Next Investment Corporation
Representative: Tetsu Kawashima, Executive Director
(Securities Code Number: 3278)
Asset Management Company
Kenedix Real Estate Fund Management, Inc.
Representative: Masahiko Tajima, President & CEO
Contact: Shin Yamamoto, Head of Strategic Planning,
Residential REIT Department
TEL:+81-3-5157-6011
Notice Concerning Execution of Commitment Line Agreement
Kenedix Residential Next Investment Corporation (the "Investment Corporation") announced today that the Investment
Corporation decided to execute a commitment line agreement as follows.
1. Purpose of Commitment Line Agreement
The Investment Corporation decided to conclude commitment line agreements to secure flexibility and stability in financing method, for potential needs of funds.
This is a renewal of the commitment line agreement with Sumitomo Mitsui Banking Corporation for maximum borrowing amount of 1,500 million yen, due to the expiration of the existing contract.
Besides the commitment line above, the term of commitment line contracts with MUFG Bank, Ltd. and Mizuho Bank, Ltd have been extended respectively.
2. Outline of Commitment Line Agreement (After this commitment line agreement and extension of period)
Counterparty | Limit of maximum | Contract date | Contract period | Collateral | ||||||||||
amount (million yen) | ||||||||||||||
Sumitomo Mitsui Banking | 1,500 | July 26, 2022 | August 1, 2022 to | |||||||||||
Corporation | July 31, 2023 | |||||||||||||
MUFG Bank, Ltd | 1,500 | Unsecured, | ||||||||||||
August 1, 2019 to | unguaranteed | |||||||||||||
July 29, 2019 | ||||||||||||||
Mizuho Bank, Ltd | 1,500 | July 31, 2023 | ||||||||||||
3. Other
In relation to the risks associated with the borrowings, there have been no significant changes to the "Investment Risks" stated in the securities report (Yuka shoken hokokusyo) submitted on April 26, 2022.
* Website URL of the Investment Corporation: https://www.kdr-reit.com/en/
[Provisional Translation Only]
English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
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Kenedix Residential Next Investment Corporation published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2022 06:38:02 UTC.