July 27, 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 (Refinancing by Green Loan)
CRE Logistics REIT, Inc. (hereinafter “CRE REIT”) announces its decision today to borrow funds(hereinafter “the Borrowings”). The Borrowings is a green loan that is executed based on the Green
Finance Framework established by CRE REIT.
１．Details of the Borrowings
CategoryLender (Note 2)

Loanamount(millionyen)

Long-term loans payable

Sumitomo Mitsui BankingCorporation

936

Mizuho Bank, Ltd.

785

MUFG Bank, Ltd.

785

JAPAN POST BANK Co.,
Ltd.

700

Resona Bank, Limited

499

The Nishi-Nippon City
Bank, Ltd.

319

Development Bank of Japan
Inc.

250

Total

4,274

Interest
rate

Repay
Drawdow Borrowin Repaymen ment
n dateg methodt datemethodBase rate(Note 3)+0.525％

July 30,2021

Borrowingbased onindividual
loan
agreement
January
to be31, 2028
concludedon July 28,2021. withthelenders

――――

Notes

Lumpsum Unsec
repay
uredment Ungua
atranteematuridty――(Note 1) For details of CRE REIT’s green financing (including green loans), please refer to “Green Financ e” section on CRE
REIT’s website: 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.,MUFG Bank, Ltd., JAPAN POST BANK Co., Ltd., Resona Bank, Limited, The Nishi-Nippon City Bank,Ltd., and Development Bank of Japan Inc. 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 interest1

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 (http://www.jbatibor.or.jp/english/). Note that commissions and fees paid
to the above lenders are not included. In addition, the base interest rate will effect ively be fixed by concluding aninterest rate swap agreement.

２．Reason for the Borrowings
The Borrowings is to provide for funds to repay the following loans payable of 3, 574 million yenthat are to become due on July 30, 2021, and 1,000 million yen that are to become due on January 31,2022. The difference of 300 million yen will be repaid with own funds.
Category

Loan amount(million yen)

LenderLong-term loans payable

Sumitomo Mitsui Banking Corporation

936

Mizuho Bank, Ltd.

785

MUFG Bank, Ltd.

785

Resona Bank, Limited

499

The Nishi-Nippon City Bank, Ltd.

319

Development Bank of Japan Inc.

250

Sumitomo Mitsui Banking Corporation

500

Mizuho Bank, Ltd.

500

Total

4,574

Drawdown date

Repayment dateJuly 31, 2019

July 30, 2021

January 19, 2021

January 31, 2022――

３．Amount, Use and Scheduled Disbursement Date of Funds（１）Amount of funds to be procured：4,274 million yen（２）Specific use of funds to be procured：Funds to repay the existing loans payable（３）Scheduled disbursement date：July 30, 2021

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

After theBorrowings

Increase or
decrease―――

50,66950,369(300)

50,66950,369

(300)

2,000

2,000―

52,66952,369(300)(Note) Long-term loans payable include the current portion of loans payable.

５．Future Outlook
The impact of this matter is immaterial, and operating forecasts for the fiscal period ending
December 31, 2021, announced on February16, 2021 in the “Summary of Financial Results for the9th Fiscal Period Ended December 31, 2020” remain unchanged.

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６．Other Matters Necessary for Investors to Understand and Assess This Information Properly
With respect to risks related to the Repayment, no significant changes have been made to details
described in “Part 1: Information on the Fund, 1. Situation of the Fund, (3) Investment risk” of thesecurities report on March 30, 2021.
* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/

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