Starts Proceed Investment Corporation announced that it decided at its Board of Directors' meeting held on November 21, 2019 to conduct borrowing of funds and to conclude an interest rate swap agreement. The details are as follows. Borrowings will be conducted to allocate funds as part of repayment of borrowings totaling JPY 2,500 million maturing on November 25, 2019. The difference between the borrowing amount and the borrowings to be repaid (JPY 2,500 million), which is JPY 1,000 million, will be repaid using the proceeds from the Starts Proceed First Series Unsecured Investment Corporation Bond (Note) issued on November 18, 2019. Lender: Resona Bank Ltd., Aozora Bank Ltd., Mizuho Bank Ltd., Sumitomo Mitsui Banking Corporation, The Chiba Bank Ltd., The Musashino Bank Ltd. and Sumitomo Mitsui Trust Bank, Limited; Term Loan 2O: Term: 6 years /Floating interest rate. Interest rate base interest rate (JBA 1-month Japanese Yen TIBOR) +0.700%. Principal repayment date is November 25, 2025.