April 26, 2022
For Immediate Release
Real Estate Investment Trust Securities Issuer:
Mitsui Fudosan Logistics Park Inc.
(Securities Code: 3471)
6-8-7 Ginza, Chuo-ku, Tokyo 104-0061
Representative: Hiroshi Asai, Executive Director
Asset Management Company:
Mitsui Fudosan Logistics REIT Management Co., Ltd.
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
Lender | Amount (million yen) | Interest rate(*) | Borrowing date | Repayment date | Repayment method, Collateral etc. |
Sumitomo Mitsui Trust Bank, Limited | 2,000 | Base rate +0.05% | May 2, 2022 | June 2, 2022 | Bullet repayment, Unsecured and non-guaranteed |
The Bank of Fukuoka, Ltd. | 2,000 | Base rate +0.05% | May 2, 2022 | June 2, 2022 | Bullet repayment, Unsecured and non-guaranteed |
Total of borrowing | 4,000 | - | - | - | - |
(Note) The interest payment date is the repayment date. The base interest rate is the JBA one-month Japanese Yen TIBOR published by JBA.
The JBA Japanese yen TIBOR can be found on the website of the JBA TIBOR Administration(http://www.jbatibor.or.jp/english/rate/).
2. Reason for Borrowing
Funds are to be allocated to the repayment of borrowings as detailed in "II. Repayment" below.
3. Amount, specific use of proceeds and expected date of expenditure of funds to be procured
(1) Amount of funds to be procured ¥4,000 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.
(3) Expected date of expenditure
May 2, 2022
II. Repayment
Lender | Amount (million yen) | Borrowing date | Repayment date |
Sumitomo Mitsui Trust Bank, Limited | 2,000 | February 2, 2022 | May 2, 2022 |
The Bank of Fukuoka, Ltd. | 2,000 | February 2, 2022 | May 2, 2022 |
III.Status of the borrowings after execution of Borrowing
(Unit: millions of yen)
Prior to execution | After execution | Change | |
Short-term borrowing(*) | 8,600 | 8,600 | 0 |
Long-term borrowing(*) | 115,700 | 115,700 | 0 |
Total borrowing | 124,300 | 124,300 | 0 |
Investment corporation bonds | 3,000 | 3,000 | 0 |
Total of borrowing and investment corporation bonds | 127,300 | 127,300 | 0 |
(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 and the Repayment, there are no material changes in the details of risks as described in "Part I Fund Information / 1. Overview of Fund / 3. Investment Risks" of the Securities Report submitted on April 26, 2021.
We did not publish an English version of the Securities Report.
End
*MFLP-REIT's corporate website:https://www.mflp-r.co.jp/en/
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Mitsui Fudosan Logistics Park Inc. published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 06:29:08 UTC.