November 11, 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, Executive Officer, Head ofCorporate Planning and General Affairs
Tel: +81-3-5575-3600

Notice Concerning Issuance of Investment Corporation Bonds (Green Bonds) andPrepayment of Borrowings
CRE logistics REIT, Inc. (“CRE REIT”) hereby announces that it has decided today to issue its 2ndunsecured investment corporation bonds (“Green Bonds”) and repay borrowings, before the maturity,
based on the resolution of the CRE REIT Board of Directors at their meeting held on October 26,2021. Details are as follows.
１．Overview of the investment corporation bonds (Green Bonds)(1) Name
CRE Logistics REIT, Inc. 2nd unsecured investment corporation
bonds with supplementary pari passu clause (“Green Bonds”)(2) Total amount to be issued
2,000 million yen(3) Format of bonds
Investment corporation bond certificates will not be issued for theGreen Bonds pursuant to the provisions of the Act on Book-Entry
Transfer of Corporate Bonds and Shares.
(4) Amount to be paid
100 yen per 100 yen of each investment corporation bond(5) Amount to be redeemed
100 yen per 100 yen of each investment corporation bond(6) Interest rate
0.720% per annum(7) Amount of each investment 100 million yencorporation bond(8) Offering method
Offering to the general public(9) Application period
Thursday, November 11, 2021
(10) Payment date
Friday, November 26, 2021
(11) Security and guarantee
There is no security or guarantee for the Green Bonds, and noparticular assets are reserved for the Green Bonds.
(12) Redemption method and The total amount of the Green Bonds will be redeemed ondue date
November 26, 2031.
CRE REIT may retire by repurchasing the Green Bonds at any
time after the day following the payment date, unless otherwise
provided for by the book-entry transfer institution.
(13) Interest payment date
The last day of May and the last day of November every year
(If the interest payment date is a day that is not a bank businessday, interest will be paid in advance on the previous business day.)(14) Financial covenants
A negative pledge clause is established.
(15) Rating acquired
A－ Rating and Investment Information, Inc.

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(16) Fiscal agent, issuing agent MUFG Bank, Ltd.
and paying agent(17) Underwriters
Mizuho Securities Co., Ltd. and Nomura Securities Co., Ltd.
Japan Credit Rating Agency, Ltd. (“JCR”) in their third-party evaluation of the issuance structureof the Green Bonds (green finance framework (Note)) has assigned CRE REIT a “Green 1 (F),” rating,the highest in the JCR Green Finance Framework Evaluation.
(Note) Regarding the green finance framework, please refer to the CRE REIT website below.
https://cre-reit.co.jp/en/esg/greenfinance.html

２．Reason for the issuance
CRE REIT will issue Green Bonds at this time to promote the acquisition of environmentallyconscious logistics facilities and enhance financing methods by expanding the base of inve stors
interested in ESG investment.
３．Total amount to be procured, use of proceeds, and scheduled outlay period(1) Total amount to be procured (approximate net proceeds)
1,984 million yen(2) Specific use of proceeds and scheduled outlay period
As of November, 30, proceeds will be appropriated for part of funds for the prepayment(“Prepayment”) of borrowings of 1,000 million yen and borrowings of 1,000 million yen raised
as funds to acquire LogiSquare Osaka Katano, which are specified assets, that meet the eligibility
criteria (Note) (“Green Qualifying Assets”), with September 30, 2022 and also September 30,
2022 as the payment dates.
(Note) Regarding the eligibility criteria, please refer to the CRE REIT website below.
https://cre-reit.co.jp/en/esg/greenfinance.html

４．Investors who expressed their intention to invest in the Green Bonds
Of the investors who expressed their intention to invest in the Green Bonds as of today, those whohave agreed to the disclosure of their names are posted (in Japanese alphabetical order).
・THE AWAJI SHINKIN BANK・Shizuoka Yaizu Shinkin Bank・Mutual Aid Foundation for Japan Postal Group・Danyo Shinkumi Bank・ECHIZEN SHINKIN BANK

・Choshi Shinkin Bank・The Saga Kyoei Bank, Ltd.

・NUMAZU SHINKIN BANK・The Kita Osaka Shinkin Bank・THE FUJI SHINKIN BANK

５．Reporting
If there are unappropriated funds at the time of issuing the Green Bonds or borrowing green loans,
CRE REIT will disclose an appropriation plan, etc. on its website once a year. In addition, if a property
for which the proceeds will be used will no longer be a subject of the use of proceeds due to its sale,etc., CRE REIT will disclose this in its press release, etc.
CRE REIT will also disclose the following items on its website once a year.

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・Type and rank of environmental certifications and total floor area of the Green Qualifying
Assets・Specific quantities consumed in the properties meeting the eligibility criteria (limited to those
whose figures can be identified on a portfolio basis by CRE REIT,)
Water consumption
Electricity consumption
CO2 emissions (or reductions)
６．Details of the Prepayment(1) Amount to be repaid
2,000 million yen(2) Prepayment dateNovember 30, 2021 (planned)(3) Funds for Prepayment
Approximate net proceeds of 1,984 million yen from the issuance of the Green Bonds will beappropriated. For the difference of about 15 million yen from the total amount to be paid of2,000 million yen, funds on hand will be appropriated.
(4) Details of borrowings for the Prepayment(Million yen)
CategoryLender

Loan amount(Million yen)

Drawdown date

Maturity dateLong-term loans
payableSumitomo Mitsui BankingCorporation

1,000

September 15, 2021

September 30, 2022

Mizuho Bank, Ltd.

1,000

September 15, 2021

September 30, 2022

2,000－－Total(Note) For more details regarding the borrowings for the Prepayment, please refer to the “Notice Concerning Borrowing ofFunds (including Green Loan))” on September 2, 2021 and the “Notice Concerning Borrowing of Funds (PartialCancellation and Reduction and Final Determination of Loan Amounts from Lenders)” on September 13, 2021.

７．Status of loans, etc. after the issuance of the Green Bonds and the Prepayment(Million yen)
Before the issuanceof the Green Bonds
and thePrepayment

After the issuanceof the Green Bonds
and thePrepayment

―

―

―

59,86957,869(2,000)59,86957,869(2,000)

2,000

4,000

2,000

61,86961,869―

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 payable.

3Increase ordecrease８．Future outlook
The impact of this matter is immaterial, and there is no change in the operating forecasts forthe 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 and the Period ending June 30, 2022 ”.
９．Other matters necessary for investors to understand and assess this information properlyRegarding the risks pertaining to the redemption of the Green Bonds, etc., there are nomaterial changes from the content stated in “Chapter 1 Fund Information – Part 1 Fund Status,
3. Investment Risks” of the securities report submitted on September 22, 2021.
* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/4