October 18, 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 (Decision on Lender and Interest Rate)
SOSiLA Logistics REIT, Inc. ("SLR") announces today that it decided on the lender and interest rate based on individual loan agreements concluded in connection with debt financing (the "Borrowings") announced in the Notice Concerning Debt Financing dated October 15, 2021.
1. Details of the Borrowings
Borrowing | Borrowing | Repayment | Repayment | |||||
Category | Lender | amount | Interest rate | Borrowing method | Collateral | |||
date | date | method | ||||||
(million yen) | ||||||||
Base interest rate | October 20, | |||||||
Short- | Sumitomo Mitsui | 270 | + 0.15% | |||||
term | Banking Corporation | (Note 1) | (Note 2) | 2022 | ||||
(Note 3) | SLR will conclude | |||||||
Sumitomo Mitsui | individual loan | Paid in full | Unsecured | |||||
Banking Corporation | October 20, | agreements with | ||||||
upon | and non- | |||||||
2021 | lenders stated left | |||||||
The Hachijuni Bank, | ||||||||
maturity | guaranteed | |||||||
Long- | 0.59753% | on October 18, | November | |||||
Ltd. | 5,250 | |||||||
term | (Note 4) | 2021. | 30, 2029 | |||||
The Joyo Bank, Ltd. | ||||||||
The Gunma Bank, Ltd. | ||||||||
The 77 Bank, Ltd. |
Total5,520
(Note 1) The amount corresponds to borrowings based on the amount of consumption tax for the buildings stated in purchase agreements for assets scheduled for acquisition (defined in 2. Reason for the Borrowings below).
(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.
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. State of Outstanding Loans, etc. 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 18 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2021 06:01:06 UTC.