November 9, 2022
For Immediate Release

Real Estate Investment Trust Securities Issuer
1-6-5 Marunouchi, Chiyoda-ku, Tokyo
Mitsubishi Estate Logistics REIT Investment Corporation
Representative: Ken Takanashi, Executive Director(Securities Code: 3481)
Asset Management Company
Mitsubishi Jisho Investment Advisors, Inc.
Representative: Tetsuya Masuda,President & CEO
Contact:
Ken Takanashi, Executive Officer, General Manager,Logistics REIT Management Department
TEL: +81-3-3218-0030

Notice Concerning Debt Financing
Mitsubishi Estate Logistics REIT Investment Corporation (“MEL”) announces today that it has decided to obtain debt
financing (the “Borrowings”), as outlined below:
1.

Details of the Borrowings

Category(Note 1)

ShorttermLender

MUFG Bank, Ltd.

BorrowingAmount(Millions of yen)Interest Rate(Note 2)

2,500

Base interestrate(Note 4)+0.1400%(floating rate)

Borrowing
Date

Borrowing Method

November15, 2022

Borrowing basedon the overdraft
agreement dated
September 12, 2017,
entered into withthe lender shownon the left

RepaymentDate(Note 3)
November15, 2023

Repayment
MethodCollateral

Paid infull uponmaturity

Unsecuredand nonguaranteed(Note 1) “Short-term” refers to borrowings due within one year from the borrowing date. The same shall apply hereinafter.
(Note 2) The first interest payment date is December 15, 2022. Thereafter, the interest payment date will be on the 15th day until and including therepayment date. An interest payment date will be either the following business day if the date falls on a non-business day or the precedingbusiness day if the repayment date would fall in the next calendar month. The base interest rate refers to the interest rate (a 365-day-base) of
the Japanese yen Tokyo Interbank Offered Rate (“TIBOR”) for one-month deposits announced by the JBA TIBOR Administration (GeneralIncorporated Association) two business days before the last date for the immediately preceding interest calculation period of the borrowing dateor the interest period. However, if the interest calculation period is less than one month, the base interest rate defined in the loan agreements
will be applied according to the terms and conditions of the loan agreements. Please refer to the JBA TIBOR Administration’s website(http://www.jbatibor.or.jp/english/) for changes in the JBA Japanese yen TIBOR.
(Note 3) The repayment date will be either the following business day if the date falls on a non-business day or the preceding business day if therepayment date would fall in the next calendar month.
(Note 4) If the base interest rate is negative, it is calculated as 0.

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2.

Rationale for the Borrowings
Together with the net proceeds from the offering (the “Offering”) (Note 1), the net proceeds from borrowings conducted
on October 25, 2022 (Note 2) and cash on hand were used for the acquisition costs of the 7 properties acquired on October25, 2022 (Note 3), but the net proceeds from the Offering were lower than expected, the proceeds from the Borrowings
will be applied to its reduced cash on hand.

(Note 1) Please refer to the press releases “Notice Concerning Issuance of New Investment Units and Secondary Offering of Investment Units”
dated October 14, 2022 and “Notice Concerning Determination of Pricing and Issuance of New Investment Units and Secondary Offering ofInvestment Units” dated October 19, 2022, for details of the Offering and the net proceeds from the Offering.
(Note 2) Please refer to the press release “Notice Concerning Debt Financing” dated October 21, 2022, for details of Borrowings conducted onOctober 25, 2022.
(Note 3) Please refer to the press release “Notice Concerning Acquisition of Domestic Real Estate Trust Beneficiary Interests and Lease Contracts
with New Tenants” dated October 14, 2022, for details of the 7 properties acquired on October 25, 2022.

3.

Additional Information for Investors
For the risks associated with the Borrowings, there have been no changes to “I. Fund Information, 1. Fund Status, 3.
Investment Risks” stated in the Securities Report filed on May 30, 2022 (Japanese only) and “II. Reference Information, 2.
Supplementary Information on Reference Materials, 3. Investment Risks” stated in the Securities Registration Statement
filed on October 14, 2022 (Japanese only).

(Reference)
Outstanding Debt Balance after the Borrowings(Unit: Millions of yen)

Short-term Borrowings
Long-term Borrowings
Total Borrowings
Investment Corporation Bonds
Total Borrowings andInvestment Corporation Bonds

Beforethe Borrowings
8,910
91,064
99,9742,000

Afterthe Borrowings
11,41091,064102,474
2,000

101,974

104,474(Note) “Long-term” refers to borrowings due within a period longer than one year from the borrowing date.

For more information about MEL, please visit:https://mel-reit.co.jp/en/

2Change+2,500+2,500+2,500