April 12, 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
Mitsui Fudosan Logistics Park Inc. ("MFLP-REIT") today announced a decision to execute a debt financing (the "Borrowing").
I. Borrowing
1. Details of Borrowing
Lender | Amount (million yen) | Interest rate | Borrowing date | Repayment date | Repayment method, Collateral etc. |
Mizuho Bank, Ltd. | 4,600 | Base rate +0.035% (*) | April 19, 2022 | May 19, 2022 | Bullet repayment, Unsecured and non-guaranteed |
(*) The interest payment date is the repayment date. The base interest rate is the JBA one-month Japanese Yen TIBOR published by JBA TIBOR Administration two business days prior to the borrowing date.
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 for payment of distributions for the 11th fiscal period of MFLP-REIT.
3. Amount, Specific use of proceeds and Expected date of expenditure of funds to be procured
(1) Amount of funds to be procured ¥ 4,600 million
(2) Specific use of proceeds of funds to be procured
Funds are to be allocated to the payment of distributions for the 11th fiscal period of MFLP-REIT.
(3) Expected date of expenditure
April 21, 2022
II. Status of the borrowings after execution of Borrowing
(Unit: millions of yen)
Prior to execution | After execution | Change | |
Short-term borrowings(*) | 4,000 | 8,600 | 4,600 |
Long-term borrowings(*) | 115,700 | 115,700 | 0 |
Total borrowings | 119,700 | 124,300 | 4,600 |
Investment corporation bonds | 3,000 | 3,000 | 0 |
Total of borrowings and investment corporation bonds | 122,700 | 127,300 | 4,600 |
(*) "Short-term borrowings" refers to borrowings with a maturity of one or less year. "Long-term borrowings" refers to borrowings with a maturity of more than one year.
Ⅲ. Other
Concerning the risks of the Borrowing, there are no material changes in the details of risks as described in "Part II Reference information / 2. Information supplementary to reference documents / 4. Investment Risks" of the Securities Registration Statement submitted on January 11, 2022.
We did not publish an English version of the Securities Registration Statement.
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 12 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2022 06:30:09 UTC.