July 9, 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 (Partial Cancellation and Reduction andFinal Determination of Loan Amounts of Lenders)
CRE Logistics REIT, Inc. (hereinafter “CRE REIT”) announces that on July 7, 2020 it made adecision to cancel and reduce (hereinafter the “Cancellation and Reduction”) some of the borrowings(hereinafter the “Borrowings”) announced on June 29, 2020 in the “Notice Concerning Borrowingof Funds (New Borrowing and Refinancing).” Details are as follows. CRE REIT also announces thatsome of loan amounts of the lenders of the Borrowings, 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 400 million 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 June 29, 2020 in the “Notice Concerning Issuance of New Investment Units andSecondary Offering of Investment Units.”
CRE REIT has also decided to reduce the amount of long-term loans payable of 7,400 million yen
to 7,100 million yen and long-term loans payable of 880 million yen borrowed from Sumitomo Mitsui
Banking Corporation to 250 million yen.
２．Details of Final Determination of Breakdown of Loan Amounts by Lender
Of the Borrowings announced on June 29, 2020 in the “Notice Concerning Borrowing of Funds(New Borrowing and Refinancing),” the loans amounts of the lenders have been fixed for long -termloans payable of 7,100 million yen which were reduced from 7,400 millio n yen, as mentioned in 1.
above.

1

Category

Loanamount(millionyen)

LenderSumitomo Mitsui Banking
Corporation
Mizuho Bank, Ltd.

Long-term loans payableInc.
Mitsui

Trust

Bank, Limited

Notes

1,500

1,200800

Resona Bank, Limited

500

Shinsei Bank, Limited

500

The Hyakujushi Bank, Ltd.

500

TheRepay
Drawdown Borrowing Repaym ment
date
method ent date metho
d1,400Development Bank of Japan

SumitomoInterestrate

Nishi-NipponCityBank, Ltd.
The Bank of Fukuoka, Ltd.
TotalBase rate(Note)+0.500％July 13,2020－－Borrowing
based onLumpindividualsum Unsec
loan
repay
ured
July 31,agreement
ment Ungua
2026
concluded
atranteeon July 9,maturi
d2020 withty
the lenders

4003007,100－－－－(Note) The base interest rate is effectively fixed at 0.608% by concluding an interest rate swap agreement. For details of theinterest rate swap agreement, please refer to the “Notice Concerning Conclusion of Interest Rate Swap Agreement.”

３．Status of Loans, etc. after the Borrowings(Million yen)
Before theAfter theIncrease orBorrowings

Borrowings

decrease

Short-term loans payable
Long-term loans payable (Note)
Total loans
Investment corporation bonds
Total interest-bearing debt

―

1,750

1,750

35,71941,9196,200

35,71943,669

7,950

―

―

―

35,71943,6697,950(Note) Long-term loans payable includes the current portion of loans payable.

４．Future OutlookThe impact of this matter is immaterial, and there is no change in the results forecasts for the fiscal
period ending December 31, 2020 and the fiscal period ending June 30, 2021 announced on June 29,
2020 in the “Notice Concerning Revision of Forecasts of Operating Results for the Period ending
December 31, 2020 and Forecasts of Operating Results for the Period ending June 30, 2021.”2

５．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
described in “Part 2. Reference information, 2. Reference material: Supplement information, (3)Investment risk” of the securities registration statement on June 29, 2020 and “Part 1: Informationon the Fund, 1. Situation of the Fund, (3) Investment risk” of the semi-annual securities report on
March 24, 2020.

* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/3