Representative: Yukio Yoshida, President and Chief
Executive Officer
Inquiries: Tatsu Makino, Managing Director and Chief
Financial Officer
Tel. +81-3-6327-5160
Notice Concerning Borrowing of Funds and Repayment of Borrowing
Mitsui Fudosan Logistics Park Inc. ("MFLP-REIT") today resolved on a debt financing (the "Borrowing") and a repayment of borrowing (the "Repayment") hereby announces as follows:
I. Borrowing
1. Details of Borrowing
Amount
Interest rate(*)
Borrowing
Repayment
Repayment method,
Lender
(million
date
date
Collateral etc.
yen)
Sumitomo Mitsui
800
0.5957%
March 15,
September 16,
Bullet repayment,
Unsecured and non-
Banking Corporation
2022
2031
guaranteed
Mizuho Trust &
300
0.5957%
March 15,
September 16,
Bullet repayment,
Unsecured and non-
Banking Co., Ltd.
2022
2031
guaranteed
Total of borrowing
1,100
-
-
-
-
(Note) Interest rate is fixed until the repayment date. The first interest payment date is the last day of July 2022, and thereafter the interest payment date will be the last day of January and July until and including the repayment date. (If each interest payment date is not a business day, such interest payment date shall be on the next business day. Provided, however, that such interest payment date shall be on the preceding business day if such next business day falls into the next month.)
2. Reason for Borrowing
Funds are to be allocated to the repayment of borrowings as detailed in "II. Repayment" below.
1
3. Amount, specific use of proceeds and expected date of expenditure of funds to be procured
(1) Amount of funds to be procured
¥1,100 million
(2) Specific use of proceeds of funds to be procured
Funds are to be allocated to the repayment of borrowings as detailed in "II. Repayment" below.
Expected date of expenditure March 15, 2022
Repayment
Lender
Amount
Borrowing date
Repayment date
(million yen)
Sumitomo Mitsui Banking
800
March 15, 2018
March 15, 2022
Corporation
Mizuho Trust & Banking Co.,
300
March 15, 2018
March 15, 2022
Ltd.
III.Status of the borrowings after execution of Borrowing
(Unit: millions of yen)
Prior to execution
After execution
Change
Short-term borrowing(*)
4,000
4,000
0
Long-term borrowing(*)
116,000
116,000
0
Total borrowing
120,000
120,000
0
Investment corporation bonds
3,000
3,000
0
Total of borrowing and
123,000
123,000
0
investment corporation bonds
(Note) "Short-term borrowing" refers to borrowing with a maturity of one year or less from the borrowing date. "Long-term borrowing" refers to borrowing with a maturity of more than one year from the borrowing date.
Ⅳ. Other
Concerning the risks of the Borrowing, there are no material changes in the details of risks as described in "Part II Reference information / 2. Information supplementary to reference documents / 4. Investment Risks" of the Securities Registration Statement submitted on January 11, 2022.
We did not publish an English version of the Securities Registration Statement.
Mitsui Fudosan Logistics Park Inc. published this content on 11 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2022 06:15:12 UTC.
Mitsui Fudosan Logistics Park Inc is a real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Trust mainly invests in logistics facilities and other real estate assets in Japan, as well as in overseas. Its property portfolios include GLP/MFLP Ichikawa Shiohama, MFLP Kuki, MFLP Yokohama Daikoku, MFLP Yashio, MFLP Atsugi, MFLP Funabashi Nishiura, MFLP Kashiwa, MFLP Sakai, MFIP Inzai. The asset manager of the Trust is Mitsui Fudosan Logistics REIT Management Co., Ltd..