SOSiLA Logistics REIT : Notice Concerning Prepayment of Borrowing
August 17, 2022 at 08:14 am
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August 17, 2022
FOR IMMEDIATE RELEASE
Issuer of REIT securities
1-17-10 Kyobashi, Chuo-ku, Tokyo SOSiLA Logistics REIT, Inc. (SLR)
Representative
Nobuhiko Matsumoto,
Executive Director
(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 Prepayment of Borrowing
SOSiLA Logistics REIT, Inc. ("SLR") announces today that it decided to prepay borrowing (the "Prepayment"). Details are as follows.
Overview of the Prepayment
Prepayment amount:
790 million yen
Prepayment date August 31, 2022
Source of Funds for Prepayment Cash on hand
Details of Borrowing to be Prepaid
Amount
Repayment
Amount
outstanding
Borrowing
Repayment
Category
Lender
outstanding
amount
Interest rate
Collateral
after repayment
date
date
(million yen)
(million yen)
(million yen)
400
400
-
December 6,
November 30,
Short-
Sumitomo Mitsui Banking
(Note 1)
Base interest rate
2021
2022
Unsecured
and non-
term
Corporation
390
+ 0.15%
March 31,
March 31,
390
-
guaranteed
(Note 2)
2022
2023
(Note 1) Please refer to the press release "Notice Concerning Debt Financing" dated November 16, 2021 and "Notice Concerning Debt Financing (Decision on Lender)" dated December 2, 2021, for details of the borrowing.
(Note 2) Please refer to the press release "Notice Concerning Debt Financing" dated November 16, 2021 and "Notice Concerning Debt Financing (Lenders and Green Loan)" dated March 25, 2022, for details of the borrowing.
3. Impact on Forecasts
The impact of the Prepayment on the investment results of SLR for the fiscal period ending November 30, 2022 (the 6th period; from June 1, 2022 to November 30, 2022) and the fiscal period ending May 31, 2023 (the 7th period; from December 1, 2022 to May 31, 2023) is minor, and the forecasts for investment results remain unchanged.
4. Outstanding Debt Balance after the Prepayment
(Unit: million yen)
Before the Prepayment
After the Prepayment
Variance
Short-term borrowings
2,190
1,400
(790)
Long-term borrowings
46,200
46,200
-
Total borrowings
48,390
47,600
(790)
Investment corporation bonds
1,600
1,600
-
Total borrowings and
49,990
49,200
(790)
1
5. Other
Regarding the risks associated with the Prepayment, there are no changes in "Investment Risks" stated in the Securities Report, filed on February 24, 2022.
* For more information about SOSiLA Logistics REIT, please visit: https://sosila-reit.co.jp/en/
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SOSiLA Logistics REIT Inc. published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 07:13:31 UTC.
SOSiLA Logistics REIT 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 Fund mainly invests in logistics real estate and industrial real estate in the Kanto area and the Kansai area. Its property portfolio includes SOSiLA Yokohama Kohoku, SOSiLA Sagamihara, SOSiLA Kasukabe, SOSiLA Kawagoe and others. The asset manager of the Fund is Sumisho Realty Management Co., Ltd.