September 10, 2021
For immediate release
Real Estate Investment Trust Issuer
1-6-5 Marunouchi, Chiyoda-ku, Tokyo
Mitsubishi Estate Logistics REIT Investment Corporation
Representative: Ken Takanashi, Executive Director
(Securities code: 3481)
Asset management company
Mitsubishi Jisho Investment Advisors, Inc.
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Representing: |
Haruhiko Araki, President and CEO |
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Contact: |
Ken Takanashi, Director, General Manager, |
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Logistics REIT Management Department |
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PHONE: + 81-3-3218-0030 |
Notice regarding debt financing (including green loan)
Mitsubishi Estate Logistics REIT Investment Corporation (“MELâ€) today announces its decision to obtain debt financing (the “Loansâ€), as set out below:
1. Loan details
|
Category |
Lender |
Loan |
Interest rate |
Loan |
Borrowing method |
Refund |
Refund |
Collateral |
|
(Note 1) |
Rising |
(Note 2) |
Dated |
Dated |
Method |
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(million yen) |
(Note 3) |
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Mizuho Bank, Ltd. |
0.3738% |
Borrow on the basis of a |
September 14 |
Paid in |
||||
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(Green loan) |
720 |
individual term loan |
||||||
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(fixed rate) |
2028 |
Insecure |
||||||
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Long- |
(Note 4) |
September 14 |
agreement dated September 10, |
full |
||||
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and no- |
||||||||
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2021 |
2021, concluded with |
on |
||||||
|
term |
Development bank |
0.4400% |
September 14 |
guaranteed |
||||
|
1491 |
the lenders indicated |
maturity |
||||||
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from Japan |
(fixed rate) |
2029 |
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to the left |
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Remarks: |
- “Long term”means borrowings due within a period exceeding one year from the date of borrowing. It will be the same below.
- The first interest payment date is October 29, 2021. Thereafter, the interest payment date will be the last day of January, April, July and October up to and including the repayment date. An interest payment date will be either the next business day if the date falls on a non-working day or the previous working day if the repayment date fell in the following calendar month.
- The repayment date will be the next business day if the date falls on a day non-working day or the previous working day if the date is postponed to the following month.
- The total amount of the loan from Mizuho Bank, Ltd. will be contracted in the form of a green loan (“the green loan”). The Green Loan will be applied to the repayment of the loans necessary for the acquisition of specified assets (Logicross Fukuoka Hisayama, LOGIPORT Sagamihara, LOGIPORT Hashimoto, MJ Logipark Kazo1) which meet the criteria (Green Eligible Assets) in accordance with the Green Finance Framework formulated by MEL. For more details on green finance (including green loans), please refer to the ‘Green Finance’ page on the MEL website at: https://mel-reit.co.jp/en/esg/greenfinance.html
2. Justification of loans
The proceeds from the loans will be used to repay the following loans with a repayment date of September 14, 2021.
|
Loan |
Refund |
||||||
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Category |
Lender |
Rising |
Interest rate |
Date of borrowing |
Repayment date |
Collateral |
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|
(million yen) |
Method |
||||||
|
Long- |
Mizuho Bank, Ltd. |
720 |
0.3263% |
September 14 |
September 14 |
Fully paid |
Insecure |
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on |
and no- |
||||||
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Development bank |
|||||||
|
term |
1491 |
(fixed rate) |
2017 |
2021 |
|||
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from Japan |
maturity |
guaranteed |
|||||
3. Additional information for investors
For the risks associated with borrowings, there has been no change in “I. Fund Information, 1. Fund Status, 3. Investment Risks†indicated in the securities report filed on May 28, 2021 ( in Japanese only).
1
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(Reference) |
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Debt balance after borrowing |
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(Unit: Millions of |
yen) |
||||||
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Before |
After |
Variance |
|||||
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borrowings |
borrowings |
||||||
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Short-term loans (To note) |
900 |
900 |
– |
||||
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Long term loans |
56,374 |
56,374 |
– |
||||
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Total borrowings |
57,274 |
57,274 |
– |
||||
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Investment company bonds |
2,000 |
2,000 |
– |
||||
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Total borrowings and |
59,274 |
59,274 |
– |
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Investment company bonds |
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Note: “short-term†refers to borrowings due within one year of the borrowing date.
For more information on Mitsubishi Estate Logistics REIT Investment Corporation, please visit: https://mel-reit.co.jp/en/
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Disclaimer
Mitsubishi Estate Logistics REIT Investment Corporation published this content on September 10, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 10, 2021 06:11:05 AM UTC.
Public now 2021
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Technical analysis trends MITSUBISHI ESTATE LOGISTICS REIT INVESTMENT CORPORATION
| Short term | Mid Road | Long term | |
| Tendencies | Bullish | Bullish | Bullish |
Evolution of the income statement
| Average consensus | – |
| Number of analysts | 0 |
| Last closing price |
516,000.00 |
| Average price target | |
| Spread / Average target |
– |
