For information purpose only. The Japanese press release should be referred to as the original.
April 27, 2021
To All Concerned Parties
REIT Issuer:
LaSalle LOGIPORT REIT
1-11-1, Marunouchi, Chiyoda-ku, Tokyo
Representative:Toshimitsu Fujiwara, Executive Director
(Securities Identification Code: 3466)
Asset Manager:
LaSalle REIT Advisors K.K.
Representative: Toshimitsu Fujiwara, President and CEO
Contact: Daisuke Ishida, Director, General Manager of
Finance & Management Department
TEL: +81-3-6367-5600
Notice Concerning Conclusion of Interest Rate Swap Agreements
LaSalle LOGIPORT REIT ("LLR") announces today that it has concluded entering into interest rate swap agreements for long-term borrowings initially announced on April 26, 2021 (the "Borrowings"), as outlined below.
1. Reasons for Establishment
LLR has executed interest rate swap agreements to hedge the risks associated with interest rate fluctuations by converting the interest rate payable into a fixed interest rate for the individual term loan agreement as mentioned in "2. Interest Rate Swap Details."
2. Interest Rate Swap Details
Categ | Borrowing | Borrowing | Borrowing | Repayment Repayment | Collateral | |||
Lender | Amount | Interest Rate | ||||||
ory | (JPY mil) | Date | Method | Date | Method | |||
Syndicate of lenders | Base interest rate | Borrowing | ||||||
based | ||||||||
arranged by MUFG Bank, | (JBA 3-month | |||||||
2,800 | on | June 30, | ||||||
Loan- Ltd., Mizuho Bank, Ltd., | Japanese yen | |||||||
individual | 2028 | |||||||
1 | and Sumitomo Mitsui | TIBOR) | ||||||
term loan | ||||||||
Banking Corporation | + 0.2800% | Unsecured | ||||||
Apr. 30, | agreement | Bullet | ||||||
dated | and non- | |||||||
2021 | repayment | |||||||
Syndicate of lenders | Base interest rate | Apr. 27, | guaranteed | |||||
2021 | ||||||||
arranged by MUFG Bank, | (JBA 3-month | June 29, | ||||||
13,100 | with the | |||||||
Loan- Ltd., Mizuho Bank, Ltd., | Japanese yen | |||||||
lenders | 2029 | |||||||
2 | and Sumitomo Mitsui | TIBOR) | ||||||
shown on | ||||||||
Banking Corporation | + 0.3800% | |||||||
the left | ||||||||
For further details related to the borrowings above, please refer to press release titled "Notice Concerning Borrowing of Funds", announced on April 26, 2021.
1
(1) Interest Rate Swap Agreement for Loan-1
1.Counterparty | Nomura Securities Co., Ltd. |
2.Notional Principal | 2.8 billion yen |
3.Interest Rate | Fixed interest rate: 0.40440% |
Floating interest rate: JBA 3-month Japanese Yen TIBOR+0.2800% | |
4.Start Date | April 30, 2021 |
5.Termination Date | June 30, 2028 |
6.Interest Payment Date | The first interest payment date is the last day of May 2021, and the subsequent |
interest payment dates are the last day of every February, May, August and | |
November thereafter, and the repayment date (or the immediately following | |
business day in case such interest payment date would fall on a day that is not | |
a business day or the immediately preceding business day in case such date | |
would fall in the next calendar month). |
(Note) The interest rate swap agreement will effectively fix the interest rate for Loan at 0.40440%.
(2) Interest Rate Swap Agreement for Loan-2
1.Counterparty | Nomura Securities Co., Ltd. |
2.Notional Principal | 13.1 billion yen |
3.Interest Rate | Fixed interest rate: 0.52360% |
Floating interest rate: JBA 3-month Japanese Yen TIBOR+0.3800% | |
4.Start Date | April 30, 2021 |
5.Termination Date | June 29, 2029 |
6.Interest Payment Date | The first interest payment date is the last day of May 2021, and the subsequent |
interest payment dates are the last day of every February, May, August and | |
November thereafter, and the repayment date (or the immediately following | |
business day in case such interest payment date would fall on a day that is not | |
a business day or the immediately preceding business day in case such date | |
would fall in the next calendar month). |
(Note) The interest rate swap agreement will effectively fix the interest rate for Loan at 0.52360%.
3. Other Matters Necessary for Investors' Appropriate Understanding/Judgment of the Concerned Information
With respect to risks regarding the Borrowings and the execution of interest rate swap agreements, etc., there are no material changes from the content provided in the "II Reference Information, 2. Supplementary Information on Reference Materials, 3 Investment Risks" of the Securities Registration Statement (Japanese) submitted on April 14, 2021.
- LaSalle LOGIPORT REIT:http://lasalle-logiport.com/english/
This notice is an English translation of the Japanese announcement dated April 27 2021. No assurance or warranties are made regarding the completeness or accuracy of this English translation. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
2