 |
Loans |
 |
| As of June 25, 2008 |
| Category | Lender | Loan Balance (mm yen) (Note 1) |
Interest Rate (%) (Note 2) |
Drawdown Date | Repayment Deadline | Repayment Method | Remarks |
| 4-year fixed | Aozora Bank, Ltd. Shinsei Bank, Ltd. Development Bank of Japan Mitsubishi UFJ Trust and Banking Corporation Resona Bank, Ltd. The Oita Bank, Ltd. The Hachijuni Bank, Ltd. |
5,500 | 1.49 (Note 3) |
Jan. 25, 2008 | Jan. 25, 2012 | Lump sum repayment at maturity |
No collateral or guarantee |
| The Sumitomo Trust & Banking Co., Ltd. Aozora Bank, Ltd. Mizuho Corporate Bank, Ltd. Mitsubishi UFJ Trust and Banking Corporation |
6,200 | 1.25 (Note 3) |
Nov. 25, 2005 | Nov. 25, 2009 | |||
| 800 | 1.66 (Note 3) |
Mar. 20, 2006 | |||||
The Sumitomo Trust & Banking Co., Ltd. |
5,400 | 2.16 (Note 3) |
Jun. 25, 2008 | Jun. 25, 2012 | |||
| 5-year fixed |
The Sumitomo Trust & Banking Co., Ltd. Aozora Bank, Ltd. Development Bank of Japan Resona Bank, Ltd. |
4,500 | 1.68 (Note 3) |
Jan. 25, 2008 | Jan. 25, 2013 | ||
| The Sumitomo Trust & Banking Co., Ltd. Aozora Bank, Ltd. Mizuho Corporate Bank, Ltd. Sumitomo Mitsui Banking Corporation |
5,900 | 1.48 (Note 3) |
Nov. 25, 2005 | Nov. 25, 2010 | |||
| 5,700 | 1.61 (Note 3) |
Mar. 20, 2006 Mar. 30, 2006 |
|||||
| Mizuho Corporate Bank, Ltd. Aozora Bank Ltd. Resona Bank, Limited |
5,500 | 2.38 (Note 3) |
Jun. 25, 2008 |
Jun. 25, 2013
|
|||
| 7-year fixed |
Development Bank of Japan | 2,500 | 2.70 |
Jun. 25, 2008 |
Jun. 25, 2015
|
||
| Subtotal of long-term loans | 42,000 | ||||||
| Total | 42,000 | ||||||
Note 1. |
All funds were applied to the acquisition of real estate beneficiary interests in trust and to the payment of related costs. |
2. |
The interest rates shown are the interest rates per annum rounded to two decimal places. |
3. |
The loan interest rates shown are the fixed real interest rates based on the interest rate swap agreements entered into for the purpose of fixing the interest rates. |
|
Investment Corporation Bonds |
|
ADR has filed a shelf registration statement on October 10, 2007 as outlined below.
A comprehensive resolution on the following issuance of investment corporation bonds was adopted at a meeting of the board of directors held on October 24, 2007.
| (1) Type of Bonds | Domestic unsecured investment corporation bonds |
| (2) Total Amount of Bonds | 50 billion yen at maximum (however, issuance may be split into tranches with differing terms and issue dates provided the sum of the tranches is within the total issue amount) |
| (3) Denomination of Each Bond | 100 million yen or more |
| (4) Issue Period | From October 24, 2007 to October 31, 2008 |
| (5) Use of Funds | Acquisition of specified assets, repayment of loans, redemption of investment corporation bonds, refunding of lease and guarantee deposits, payment of repairs and maintenance, working capital, etc. |
| (6) Collateral / Guarantee | No collateral or guarantee is on the bonds and no assets reserved as security specifically for the bonds. |
ADR floated the following investment corporation bonds based on the comprehensive resolution outlined above.
| Name of Bonds | Issue Date |
Issue Amount |
Coupon Rate |
Maturity Period |
Redemption Date |
Remarks |
| First Series Unsecured Investment Corporation Bonds (ranking pari passu with specified investment corporation bonds) |
Nov. 21, 2007 | 5 bn yen | 1.797 % | 4 years | Nov. 21, 2011 | No collateral or guarantee Credit rating R&I: A+ |
| Second Series Unsecured Investment Corporation Bonds (ranking pari passu with specified investment corporation bonds) |
Nov. 21, 2007 | 5 bn yen | 2.03 % | 5 years | Nov. 21, 2012 |
|
Acquisition of Issuer Rating |
|
An issuer rating of A+ (stable outlook) was obtained from Rating and Investment Information, Inc. on April 22, 2008 to facilitate the diversification of financing methods and the lengthening of the average remaining life of borrowings through the issuing of investment corporation bonds. ADR monitors market conditions and shall deliberate the issuance of investment corporation bonds when circumstances are deemed to be appropriate.
