July 11, 2019
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 of Borrowings
and Finalization of Borrowing Amounts from Each Lender)
CRE Logistics REIT, Inc. (hereinafter “CRE REIT”) announces that on July 11, 2019 it made a decision tocancel (hereinafter the “Cancellation”) some of the borrowings (hereinafter the “Borrowings”) announced onJune 27, 2019 in the “Notice Concerning Borrowing of Funds (New Borrowing and Refinancing).” Details are
as follows. CRE REIT also announces that some of the Borrowings from the lenders, whose amounts were to
be decided, have been partially finalized.
1. Details of the Cancellation
CRE REIT has decided to cancel the new borrowing of 267 million yen, which is part of the Borrowings,
taking into consideration the final determination of the funds amount to be raised by means of the issuance ofnew investment units announced on June 27, 2019 in the “Notice Concerning Issuance of New Investment
Units and Secondary Offering of Investment Units.”
2. Details of finalized borrowings from each lender.
The amounts to be borrowed from each lender have been finalized with respect to the new borrowing of 2,900
million yen which is part of the Borrowings announced on June 27, 2019 in the “Notice Concerning Borrowingof Funds (New Borrowing and Refinancing).”
CategoryLoan
amount(millionyen)

LenderLong-term loans payable

SumitomoCorporationMitsuiBanking

Mizuho Bank, Ltd.
Development Bank of Japan Inc.
Resona Bank, Limited.
The Nishi-Nippon City Bank, Ltd.
Sumitomo Mitsui Trust Bank,
Limited
Total

Interest Drawdown Borrowing Repayment
rate
date
methoddate

527

July 16,2019

Borrowingbased onindividual
loan
agreement
dated July11,
2019, withthe lenders

July 31,
2023

－－－

527
Base
527
rate(Note)
265+0.40%
527
527
2,900－

1

Repay
ment
methodNotes

Lumpsum Unsecu
repaym red/unent at guarantmaturiteedy－－

(Note) The interest rate has been fixed at 0.402% practically with the conclusion of an interest swap agreement. For the details of theinterest swap agreement, please refer to the “Notice Concerning Conclusion of Interest Rate Swap Agreement” announced onJune 27, 2019.

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

After drawdown

Increase ordecrease

Short-term loans payable

―

―

―

Long-term loans payable

23,82026,7192,899

23,82026,719

2,899

―

―

―

23,82026,7192,899

Total loans
Investment corporation bonds
Total interest-bearing debt

(Note) Short-term loans payable are loans with a borrowing period of a year or less, and long-term loans payable are loans with aborrowing period of more than a year. Long-term loans payable include the current portion of loans payable.

4. Future Outlook
The impact of these changes will be immaterial. There is no change in the results forecasts for the Fiscal Periodending December 31, 2019 and Fiscal Period Ending June 30, 2020 announced on June 27, 2019 in the “NoticeConcerning Revision of Forecasts of Operating Results for the Period ending December 31, 2019 and Forecastsof Operating Results for the Period ending June 30, 2020”.
5. Other Matters Necessary for Investors to Understand and Assess This Information Properly
No significant changes have been made to details described in “3. Investment risk” in the “Section 2.
Complementary information on reference documents” of “Part 2. Reference information” in the securities
report submitted on June 27, 2019, with respect to risks related to the Borrowings.
* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/2