Nippon Prologis REIT Announces Debt Financing, Completion of Interest Rate Swap Agreement and Prepayment of Bank Loans
December 09, 2021 at 06:00 am
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Nippon Prologis REIT, Inc. ("NPR") announced that it will obtain debt financing (the "Borrowing") and has executed an interest rate swap agreement for the Borrowing and will make a prepayment of bank loans. Borrowing Details: Category: Long-term Borrowing (i); Long-term Borrowing (ii): Syndicate of lenders arranged by Sumitomo Mitsui Banking Corporation and MUFG Bank Ltd. (Note 1); Syndicate of lenders arranged by Sumitomo Mitsui Banking Corporation and MUFG Bank Ltd. (Note 2): Borrowing Amount: JPY 7.0 Billion; JPY 7.0 Billion: Interest Rate: Base interest rate (JBA 3-month Japanese yen TIBOR) +0.195% (Note 6); Base interest rat (JBA 3-month Japanese yen TIBOR) +0.300% (Note 6): Repayment Date: December 13, 2027; December 12, 2031: Repayment Method: Paid in full upon maturity: Collateral: Unsecured and non-guaranteed, respectively.
Nippon Prologis REIT Inc. is a Japan-based real estate investment trust (REIT). It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The REIT mainly invests in logistic facilities, focusing on A class logistic facilities. Its portfolio included Prologis Park Ichikawa 1, Prologis Park Zama 1 , Prologis Park Kawajima , Prologis Park Osaka 2, Prologis Park Maishima 3 , Prologis Park Kasugai, Prologis Park Maishima 4, Prologis Park Kitanagoya, Prologis Park Tagajo and Prologis Park Takatsuki, among others. The asset manager of the REIT is Prologis REIT Management K.K.
NIPPON PROLOGIS REIT, INC. 
