January 7, 2020
To All Concerned Parties
Name of REIT Issuer:
CRE Logistics REIT, Inc.
2-10-1, Toranomon, Minato-ku, Tokyo, Japan
Tsuyoshi Ito, Executive Director(TSE Code: 3487)
Asset Management Company
CRE REIT Advisers, Inc.
Tsuyoshi Ito, President
Person of Contact:
Hirohisa Toda, Head of Corporate Planning
Tel: +81-3-5575-3600

Notice Concerning Borrowing of Funds
CRE Logistics REIT, Inc. (hereinafter “CRE REIT”) announces its decision today to borrow funds(hereinafter “the Borrowings”).

1. Details of the Borrowings
Category(Note1)

Lender (Note 2)

Sumitomo Mitsui
Corporation

BankingMizuho Bank, Ltd.

Loan
amount(millionyen)

Interestrate

Drawdow Borrowing Repaymen
n datemethodt dateRepayment
method

Notes

1,100
1,100

Long-term loans payable

Development Bank of Japan
Inc.

850

Sumitomo Mitsui Trust Bank,
Limited800

The Nishi-Nippon City Bank,
Ltd.

700

The Bank of Fukuoka, Ltd.

650

Resona Bank, Limited

400

Sumitomo Mitsui
Corporation

800

BankingMizuho Bank, Ltd.

700

The Nishi-Nippon City Bank,
Ltd.

500

Development Bank of Japan
Inc.

450

The Bank of Fukuoka, Ltd.

350

Sumitomo Mitsui Trust Bank,
Limited300

Resona Bank, Limited

300

LumpsumUnsecure
January repaym
d/unguara
31, 2025 ent at
nteedmaturity

Base rate(Note 4)+0.450%Borrowingbased onindividualloanFebruary
agreement
3, 2020
dated
January 30,
2020, withthe lenders
Base rate(Note 4)+0.500%1

Lumpsum
Unsecure
January repaym
d/unguara
30, 2026 ent at
nteedmaturityShort-termloanspayableLong-term
loans
payableMitsui

Banking

600(Note 3)

Base rate(Note 5)+0.300%Mitsui

Banking

Corporation500(Note 3)

Base rate(Note 5)+0.350%

Total

10,100－SumitomoCorporation

Sumitomo

LumpsumJanuary repaym
29, 2021 ent atmaturityLumpsum
July 30, repaym
2021
ent atmaturity－－－－Unsecured/unguara
nteed

Unsecured/unguara
nteed－(Note 1) Long-term loans payable are loans with a borrowing period of more than a year, and short -term loans payable are loans with aborrowing period of a year or less. The same applies hereafter.
(Note 2) The loan syndicate consists of the following lenders: Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., Development
Bank of Japan Inc., The Nishi-Nippon City Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, The Bank of Fukuoka, Ltd.,and Resona Bank, Limited. The arranger is Sumitomo Mitsui Banking Corporation.
(Note 3) These are the maximum amount of estimated loans as of today’s date, and the ultimate loan amount may be subject to change
before the loan is executed after taking into account the amount of the proceeds from the issuance of new investment units
through public offering, as stated in the “Notice Concerning Issuance of New Investment Units and Secondary Offering ofInvestment Units” released today. The same applies hereafter.
(Note 4) The base interest rate is the three-month Japanese yen TIBOR (quoted on a 365-day basis) published by the JBA TIBOR
Administration at 11:00 am two business days prior to an immediately preceding interest payment date of each interest payment
date (the first interest payment date is the drawdown date). Details on the JBA Japanese TIBOR can be checked via theadministration’s website (http://www.jbatibor.or.jp/english/). Note that commissions and fees paid to the above lenders are n ot
included. In addition, the base interest rate will effectively be fixed by concluding an interest rate swap agreement.
(Note 5) The base interest rate is the one-month Japanese yen TIBOR (quoted on a 365-day basis) published by the JBA TIBOR
Administration at 11:00 am two business days prior to an immediately preceding interest payment date of each interest payment
date (the first interest payment date is the drawdown date). Details on the JBA Japanese TIBOR can be checked via theadministration’s website (http://www.jbatibor.or.jp/english/). Note that commissions and fees paid to the above lenders are notincluded.

2. Reason for the Borrowings
The Borrowings are to provide for the acquisition funds and incidental expenses for four properties to beacquired (hereinafter “the property to be acquired”) stated in the “Notice Concerning Acquisition of Trust
Beneficiary Rights to Real Estate in Japan and Leasing released today.
3. Amount, Use and Scheduled Disbursement Date of Funds(i) Amount of funds to be procured: 10,100 million yen(ii) Specific use of funds to be procured: Acquisition funds and incidental expenses for the property to beacquired(iii) Scheduled disbursement date: February 3, 2020
4. Status of Loans, etc. after the Borrowings
Before drawdown
Short-term loans payable
Long-term loans payable (Note)
Total loans
Investment corporation bonds
Total interest-bearing debt

―

600

600

26,71936,2199,500

26,71936,81910,100―――26,71936,81910,100(Note) Long-term loans payable include the current portion of loans payable.

2After drawdown(Million yen)
Increase ordecrease5. Future Outlook
The impact of the Borrowings was reflected in the forecasts of performance for the fiscal periods ending
June 2020 and December 2020, announced in the “Notice Concerning Revision of Forecasts of Operating
Results for the Period ending June 30, 2020 and Forecasts of Operating Results for the Period ending December
31, 2020” released today.
6. Other Matters Necessary for Investors to Understand and Assess This Information Properly
The risks related the Borrowings have not changed significantly from those state d in “Part 2: Reference
information, 2. Reference material: Supplementary information, (3) Investment risk” of the securities
registration statement submitted today and “Part 1: Information on the Fund, 1. Situation of the Fund, (3)Investment risk” of the securities report submitted on September 24, 2019.
* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/3