September 13, 2021
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, 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. (“CRE REIT”) hereby announces that on September 13, 2021 it made the decisionto cancel some of the borrowings (the “Borrowings”) announced on September 2, 2021 in the “NoticeConcerning Borrowing of Funds (including Green Loan)” and reduce the loan amounts (the “Cancellation andReduction”). Details are as follows. CRE REIT also announces that some of the loan amounts of theBorrowings from each lender, 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 the long-term loan payable of 600 million yen fromSumitomo Mitsui Banking Corporation, which is a part of the Borrowings, and reduce the amount of the longterm loan payable of 1,900 million yen from Sumitomo Mitsui Banking Corporation to 1,000 million yen ,taking into consideration the final determination of the funds amount to be raised by means of the issuance of
new investment units announced on September 2, 2021 in the “Notice Concerning Issuance of New Investment
Units (Green Equity Offering).”
2. Details of Final Determination of Breakdown of Loan Amounts by Each Lender
Of the Borrowings announced on September 2, 2021 in the “Notice Concerning Borrowing of Funds(including Green Loan),” the loan amount from each lender has been fixed for the loan payables of 4,000
million yen and 3,500 million yen.

Disclaimer: This press release is intended to disclose to the public the borrowing of funds (partial cancellation and reduction and final
determination of loan amounts from lenders), and is not an offer to sell or a solicitation of any offer to buy the securities ofCRE REIT in the United States or elsewhere. Any investment decision should be made based upon your own judgement.
This press release does not constitute an offer of securities in the United States of America. The investment units have notbeen, and will not be, registered under the United States Securities Act of 1933 (the “Securities Act”). The investment units
may not be offered or sold in the United States absent registration or an exemption from registration under the Securities
Act. The investment units referred to above will not be offered, publicly or otherwise, in the United States1

3. Details of the Borrowings after the Cancellation and Reduction
CategoryLenderLoan
amount(millionyen)

Long-term loans payable

Sumitomo Mitsui Banking
Corporation

600

Mizuho Bank, Ltd.

500

The Shizuoka Bank, Ltd.

450

Development Bank of Japan
Inc.

350

MUFG Bank, Ltd.

350

The Bank of Fukuoka Ltd.

250

The Hyakujushi Bank, Ltd.

250

The Yamaguchi Bank, Ltd.

250

Sumitomo Mitsui Trust Bank,
Limited200

Shinsei Bank, Limited

200

Aozora Bank, Ltd.

200

The Bank of Toyama, Ltd.

200

The Yamanashi Chuo Bank,
Ltd.
Sumitomo Mitsui Banking
Corporation

Interestrate

Base rate+0.475％(Note 1)650
550

Development Bank of Japan
Inc.

500

Shinsei Bank, Limited

400

Aozora Bank, Ltd.

400

The Yamaguchi Bank, Ltd.

300

Sumitomo Mitsui Trust Bank,
LimitedThe Yamanashi Chuo Bank,Ltd.

250

The Hyakujushi Bank, Ltd.

200

Lumpsum Unsecu
repaym redent at Unguar
maturit anteedyBase rate
+0.500％(Note 2)September
30, 2027

September
30, 2022
September
30, 2022

250

Mizuho Bank, Ltd.

1,000

Sumitomo Mitsui Banking
Corporation

1,000

Base rate+0.300％Base rate+0.300％9,500－

TotalNotes

March 31,2027

Borrowingbased onindividualloan
September agreements
15, 2021 concludedon
September13, 2021

200

Mizuho Bank, Ltd.

Repay
Drawdown Borrowing Repayment ment
date
methoddate
method－－－－－(Note 1) The interest rate is effectively fixed at 0.546％ 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 September 9,2021.
(Note 2) The interest rate is effectively fixed at 0.576％ 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 September 9,2021.
Disclaimer: This press release is intended to disclose to the public the borrowing of funds (partial cancellation and reduction and final
determination of loan amounts from lenders), and is not an offer to sell or a solicitation of any offer to buy the securities ofCRE REIT in the United States or elsewhere. Any investment decision should be made based upon your own judgement.
This press release does not constitute an offer of securities in the United States of America. The investment units have notbeen, and will not be, registered under the United States Securities Act of 1933 (the “Securities Act”). The investment units
may not be offered or sold in the United States absent registration or an exemption from registration under the Securities
Act. The investment units referred to above will not be offered, publicly or otherwise, in the United States

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

After the Borrowings

Increase or decrease―――

50,36959,8699,500

50,36959,869

9,500

2,000

2,000

―

52,36961,8699,500

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 that will be due 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 December 31, 2021 and the fiscal period ending June 30, 2022 announced on September 2, 2021 in the“Notice Concerning Revision of Forecasts of Operating Results for the Period ending December 31, 2021 andthe Period ending June 30, 2022.”
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 September 2, 2021 and “Part 1: Information on the Fund, 1. Situation ofthe Fund, (3) Investment risk” of the securities report on March 30, 2021.
* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/Disclaimer: This press release is intended to disclose to the public the borrowing of funds (partial cancellation and reduction and finaldetermination of loan amounts from lenders), and is not an offer to sell or a solicitation of any offer to buy the securities ofCRE REIT in the United States or elsewhere. Any investment decision should be made based upon your own judgement.
This press release does not constitute an offer of securities in the United States of America. The investment units have notbeen, and will not be, registered under the United States Securities Act of 1933 (the “Securities Act”). The investment units
may not be offered or sold in the United States absent registration or an exemption from registration under the Securities
Act. The investment units referred to above will not be offered, publicly or otherwise, in the United States3