January 15, 2021
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 (Partial Cancellation and Reduction and Final
Determination of Loan Amounts from Lenders)

CRE Logistics REIT, Inc. (hereinafter “CRE REIT”) announces that on January 15, 2021 it made thedecision to cancel and reduce (hereinafter the “Cancellation and Reduction”) some of the borrowings(hereinafter the “Borrowings”) announced on January 4, 2021 in the “Notice Concerning Borrowing of Funds.”
Details are as follows. CRE REIT also announces that some of the loan amounts of the lenders of theBorrowings, which were not yet determined, have been fixed.

1. Details of the Cancellation and Reduction
CRE REIT has decided to cancel the new borrowing of long-term loans payable of 500 million yen fromSumitomo Mitsui Banking Corporation, which are part of the Borrowings, taking into consideration the final
determination of the funds amount to be raised by means of the issuance of new investment units announced
on January 4, 2021 in the “Notice Concerning Issuance of New Investment Units and Secondary Offering ofInvestment Units.”
CRE REIT has also decided to reduce a loan payable of 750 million yen borrowed from Sumitomo Mitsui
Banking Corporation to 500 million yen, a loan payable of 750 million yen borrowed from Mizuho Bank, Ltd.
to 500 million yen, and a loan payable of 1,200 million yen borrowed from Sumitomo Mitsu i Banking
Corporation to 900 million yen.
2. Details of Final Determination of Breakdown of Loan Amounts by Lender
Of the Borrowings announced on January 4, 2021 in the “Notice Concerning Borrowing of Funds,” theamounts of the loans from lenders have been fixed for 4,500 million yen and 3,500 million yen.

1

3. Details of the Borrowings after the Cancellation and Reduction
Category

LenderLoanamount(millionyen)

Long-term loans payable

Sumitomo Mitsui Banking
Corporation

900

Mizuho Bank, Ltd.

800

Development Bank of Japan
Inc.

600

MUFG Bank, Ltd.

700

Sumitomo Mitsui Trust Bank,
Limited400

Shinsei Bank, Limited

400

Aozora Bank, Ltd.

400

The Bank of Toyama, Ltd.

300

Sumitomo Mitsui Banking
Corporation

900

Mizuho Bank, Ltd.

700

Development Bank of JapanInc.
Sumitomo Mitsui Trust Bank,
Limited

500
400

Repay
Drawdown Borrowing Repayment ment
date
methoddatemethodInterest
rate

Base rate+0.425％(Note 1)

Lumpsum Unsecu
repaym red
ent at Unguar
maturit anteedy

Base rate+0.525％(Note 2)

July 30,
2027

Base rate+0.300％January 31,
2022
January 31,
2022

400

Aozora Bank, Ltd.

600

Sumitomo Mitsui Banking
Corporation500

Mizuho Bank, Ltd.

500

Sumitomo Mitsui Banking
Corporation900

Base rate+0.300％9,900－Total

July 31,2025

Borrowingbased onindividualJanuary 19,
loan
2021
agreements
concluded
on January
15, 2021

Shinsei Bank, Limited

Notes

－－－－－

(Note 1) The base interest rate is effectively fixed at 0.471％ by concluding an interest rate swap agreement. For details of the interest
rate swap agreement, please refer to the “Notice Concerning Conclusion of Interest Rate Swap Agreement” dated January 13,2021.
(Note 2) The base interest rate is effectively fixed at 0.587％ by concluding an interest rate swap agreement. For details of the interest
rate swap agreement, please refer to the “Notice Concerning Conclusion of Interest Rate Swap Agreement” dat ed January 13,2021.

4. Status of Loans, etc. after the Borrowings(Million yen)
Before the Borrowings

After the Borrowings

Increase or decrease―――

41,66951,5699,900

41,66951,569

9,900

2,000

2,000―

43,66953,5699,900

Short-term loans payable
Long-term loans payable (Note)
Total loans
Investment corporation bonds
Total interest-bearing debt(Note) Long-term loans payable include the current portion of loans payable.

2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, 2021 and the fiscal period ending December 31, 2021 announced on January 4, 2021 in the“Notice Concerning Revision of Forecasts of Operating Results for the Period ending June 30, 2021 andForecasts of Operating Results for the Period ending December 31, 2021.”
6. Other Matters Necessary for Investors to Understand and Assess This Information Properly
With respect to risks related to the Borrowings, no significant changes have been made to details describedin “Part 2. Reference information, 2. Reference material: Supplement information, (3) Investment risk” of thesecurities registration statement on January 4, 2021 and “Part 1 : Information on the Fund, 1. Situation of theFund, (3) Investment risk” of the securities report on September 29, 2020.
* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/

3