Japan Logistics Fund : Notice Concerning Borrowing Capital
September 26, 2023 at 02:05 am EDT
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September 26, 2023
For Immediate Release
Real Estate Investment Trust
Japan Logistics Fund, Inc. (Security Code: 8967)
Representative: Ryota Sekiguchi, Executive Director
Asset Management Company
Mitsui & Co., Logistics Partners Ltd.
Representative: Seiichi Suzuki, President & CEO
Contact: Shintaro Miyata, Finance & IR Dept.
TEL +81-3-3238-7171
Notice Concerning Borrowing Capital
Japan Logistics Fund Inc. (hereafter referred to as "JLF") announced that it has decided to raise funds through a bank loan as detailed below.
1．Use of Proceeds
Proceeds will be used to repay existing loan due September 29, 2023 (Please refer to "3. The Bank Loan to be Repaid").
2．Details of the New Loan
Lender
Amount of
Interest rate
Term of
Borrowing
Repayment
loan
loan
date
date
Mitsui Sumitomo
1,000
Fixed rate
3.3
September 29,
January 31,
Insurance Company,
2027
million yen
(Note 1)
years
2023
Limited
(Note 2)
(Note 1) The applicable interest rate will be announced once decided. (Date of determination of interest rate: The day two business days prior to the borrowing date)
(Note 2) If the repayment date is not a business day, it will be the next business day. If such date falls in the next month, it will be the business day immediately before the repayment date.
(Note 3) Unsecured/non-guaranteed,lump-sum payment on the repayment day.
3．The Bank Loan to be Repaid
Lender
Amount of
Interest rate
Term of
Borrowing
Repayment
loan
loan
date
date
Mitsui Sumitomo
1,000
7.0
September 30,
September 29,
Insurance Company,
0.20000%
million yen
years
2016
2023
Limited
(Note) For further details of the bank loan, please refer to (Press Release for Reference).
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4．Balance of the interest-bearing debt after borrowing and repayment
(Millions of yen)
Before
After
Increase/
the new loan
the new loan
decrease
Short-term loans
-
-
-
Long-term loans
106,000
106,000
±0
(Current portion of the above long-term loans)
15,500
14,500
-1,000
Total loans
106,000
106,000
±0
Investment corporation bonds
13,700
13,700
±0
(Current portion of the above bonds)
-
-
-
Total interest-bearing debt
119,700
119,700
±0
（Green Loans）
9,500
9,500
±0
（Green Bonds）
2,000
2,000
±0
5．Other
Regarding risks related to borrowing and repayment of the loans, there is no change from the description of
"Investment Risks" described on a Securities Registration Statement (Japanese) submitted on April 27, 2023.
(End)
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(Press Release for Reference)
Notice Concerning Borrowing Capital on September 26, 2016
*JLF's website:https://8967.jp/en/
This notice is the English translation of the announcement in Japanese on our website. However, no assurance or warranties are given for the completeness or accuracy of this English translation.
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Disclaimer
Japan Logistics Fund Inc. published this content on 26 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 September 2023 06:04:04 UTC.
Japan Logistics Fund Inc is real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Company mainly invests in real estate assets in Tokyo area, Kinki area, Chubu area and Kyushu area. Its property portfolio includes Kiyosu Logistics Center, Kadoma Logistics Center, Komaki Logistics Center, Urayasu Chidori Logistics Center II, Ichikawa Logistics Center, Komaki Logistics Center II, Kasugai Logistics Center and Chiba Kita Logistics Center. The asset manager of the Fund is Mitsui & Co Logistics Partners Ltd.
JAPAN LOGISTICS FUND, INC. 
