January 25, 2022
For Immediate Release
Name of REIT Issuer:
CRE Logistics REIT, Inc.
2-10-1, Toranomon, Minato-ku, Tokyo, Japan
Tsuyoshi Ito, Executive Director(TSE Code: 3487)
Asset Manager
CRE REIT Advisers, Inc.
Tsuyoshi Ito, President
Person of Contact:
Hirohisa Toda, Executive Officer, Head ofCorporate Planning and General Affairs
Tel: +81-3-5575-3600

Notice Concerning Borrowing of Funds (Refinancing by Green Loan)
CRE Logistics REIT, Inc. (“CRE REIT”) announces its decision today to borrow funds (“theBorrowings”). The Borrowings is a green loan that is executed based on the Green Finance
Framework established by CRE REIT.
１．Details of the Borrowings (Note 1)
Category

LenderLoanamount(millionyen)

Long-term loans payable(Note 2)

Sumitomo Mitsui
Banking Corporation

830

Mizuho Bank, Ltd.

650

Development Bank ofJapan Inc.

650

MUFG Bank, Ltd.

650

Resona Bank, Limited.

550

The Nishi-Nippon City
Bank, Ltd.

350

Total

3,680

Interest
rate

Drawdown Borrowing
datemethod

Repay
ment
date

Repayment
methodNotes

Borrowingbased onindividualloan
LumpUnsecur
Base rateagreement
sum
January 31,July 31,ed(Note 3)
to be
repayme2022
2028
Unguara+0.525％concluded
nt at
nteed
on January
maturity
27, 2022.
with thelenders――――――(Note 1) For details of CRE REIT’s green financing (including green loans), please refer to “Green Financ e” page of thewebsite of CRE REIT (https://cre-reit.co.jp/en/esg/greenfinance.html).
(Note 2) The loan syndicate is to consist of the following lenders: Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd.,
Development Bank of Japan Inc., MUFG Bank, Ltd., Resona Bank, Limited, and The Nishi-Nippon City Bank, Ltd.
The arranger is Sumitomo Mitsui Banking Corporation.
(Note 3) The base interest rate is the three-month Japanese yen TIBOR (quoted on a 365-day basis) published by the JBA
TIBOR Administration for a period corresponding to the interest calculation period at 11:00 am , two business days
prior to the immediately preceding interest payment date of each interest payment date (the first interest payment
date is the drawdown date). However, if there is not a rate corresponding to the relevant period, the base interest
rate will be determined based on the method stipulated in the contract. Details on the JBA Japanese TIBOR can bechecked via the administration’s website (https://www.jbatibor.or.jp/english/). Note that commissions and fees paid
to the above lenders are not included.

1２．Reason for the Borrowings
The Borrowings is to provide for funds to repay the following loans payable of 3, 680 million yenthat are to become due on January 31, 2022.
Category

Loan amount(million yen)

LenderLong-term loans payable

Sumitomo Mitsui Banking Corporation

830

MUFG Bank, Ltd.

650

Mizuho Bank, Ltd.

650

Development Bank of Japan Inc.

650

Resona Bank, Limited.

550

The Nishi-Nippon City Bank, Ltd.

350

Total

3,680

Drawdown date

Repayment dateFebruary 7, 2018

January 31, 2022――

３．Amount, use and scheduled disbursement date of funds（１）Amount of funds to be procured：3,680 million yen（２）Specific use of funds to be procured：Funds to repay the existing loans payable（３）Scheduled disbursement date

：January 31, 2022

４．Status of loans, etc. after the Borrowings
Before theBorrowings
Short-term loans payable
Long-term loans payable (Note)
Total loans payable
Investment corporation bonds
Total interest-bearing debt

(million yen)
Increase ordecrease

After theBorrowings―――

57,86957,869―57,86957,869―4,000

4,000―

61,86961,869―(Note) Long-term loans payable includes the current portion of loans payable within one year from today.

５．Future outlook
The impact of this matter is immaterial, and there is no change in the results forecasts for the fiscal
period ending June 30, 2022, announced on September 2, 2021 in the “Notice Concerning Revisionof Forecasts of Operating Results for the Period ending December 31, 2021 and the Period ending
June 30, 2022”.
６．Other matters necessary for investors to understand and assess this information properly
The risks related the Borrowings have not changed significantly from those stated in “Part 1:
Information on the Fund, 1. Situation of the Fund, (3) Investment risk” of the securities report on
September 22, 2021.
* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/2