October 15, 2021
FOR IMMEDIATE RELEASE
Issuer of REIT securities:
1-17-10, Kyobashi, Chuo-ku, Tokyo SOSiLA Logistics REIT, Inc. (SLR)
Representative: | Nobuhiko Matsumoto, Executive Director |
(Securities Code: 2979) | |
Asset management company: | |
Sumisho Realty Management Co., Ltd. | |
Representative: | Hideki Yano, President & CEO |
Inquiries: | Tomoaki Sato, General Manager, |
REIT Management Department |
TEL: +81-3-4346-0579
Notice Concerning Debt Financing
SOSiLA Logistics REIT, Inc. ("SLR") announces today that it decided on debt financing (the "Borrowings").
1. Details of Borrowings
Anticipated | Scheduled | Repayment | |||||||
borrowing | borrowing | Repayment | |||||||
Category | Lender | Interest rate | Borrowing method | date | Collateral | ||||
amount | date | method | |||||||
(Note 6) | |||||||||
(million yen) | (Note 6) | ||||||||
Base interest rate | SLR will conclude | October 20, | |||||||
Short- | 270 | + 0.15% | |||||||
Loan syndicate with | individual loan | ||||||||
term | (Note 2) | 2022 | Paid in full | Unsecured | |||||
Sumitomo Mitsui | October 20, | agreements with | |||||||
(Note 3) | upon | and non- | |||||||
Banking Corporation as | 2021 | lenders stated left | |||||||
Undecided | maturity | guaranteed | |||||||
Long- | the arranger | 5,250 | on October 18, | November | |||||
(Note 4) | |||||||||
term | 2021. | 30, 2029 | |||||||
(Note 5) | |||||||||
Total | 5,520 | ||||||||
(Note 1) No loan agreement has been | concluded for the | Borrowings as of today. The details of the Borrowings are stated on the basis of a document related to | |||||||
the composition and the financing intent of the loan syndicate obtained from Sumitomo Mitsui Banking Corporation, the arranger for the syndicate. |
For those reasons, the actual execution of the Borrowings is not guaranteed. The actual amount of the Borrowings and other details may also change. (Note 2) The first interest payment date is November 30, 2021. The subsequent interest payment dates are the last days of respective months and the repayment
date.
(Note 3) The base interest rate is the one-month Japanese yen Tokyo Interbank Offered Rate (TIBOR) for the concerned interest period announced by the JBA TIBOR Administration. Information on the JBA Japanese yen TIBOR is available at the Administration's official website. https://www.jbatibor.or.jp/(Note 4) The first interest payment date is November 30, 2021. The subsequent interest payment dates are the last days of February, May, August and
November, and the repayment date.
(Note 5) The interest rate will be announced as soon as it is decided.
(Note 6) The Scheduled Borrowing Date and the Repayment Date for the Borrowings are the dates expected as of today. Those dates may change before the final execution of the Borrowings.
2. Reason for the Borrowings
The Borrowings will be allocated to the payment of a portion of the acquisition costs and related expenses for assets scheduled for acquisition stated in the Notice Concerning Acquisition of Domestic Real Estate Trust Beneficiary Interest released on September 27, 2021.
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3. Outstanding Debt Balance after Execution of the Borrowings
(Unit: million yen) | |||
Before the Borrowings | After the Borrowings | Changes | |
Short-term borrowings | 2,100 | 2,370 | +270 |
Long-term borrowings | 37,100 | 42,350 | +5,250 |
Total borrowings | 39,200 | 44,720 | +5,520 |
Investment corporation bonds | - | - | - |
Total borrowings and | 39,200 | 44,720 | +5,520 |
investment corporation bonds | |||
4. Other Matters
Risks associated with the Borrowings are as stated in 3. Investment Risks, 2. Information Supplementary to Reference Documents, II Reference Information, in the Securities Registration Statement submitted on August 20, 2021.
- SOSiLA website:https://sosila-reit.co.jp/en/
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Disclaimer
SOSiLA Logistics REIT Inc. published this content on 15 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 06:31:04 UTC.