August 17, 2022
FOR IMMEDIATE RELEASE
Issuer of REIT securities
1-17-10 Kyobashi, Chuo-ku, Tokyo SOSiLA Logistics REIT, Inc. (SLR)
Representative | Nobuhiko Matsumoto, |
Executive Director | |
(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 Prepayment of Borrowing
SOSiLA Logistics REIT, Inc. ("SLR") announces today that it decided to prepay borrowing (the "Prepayment"). Details are as follows.
- Overview of the Prepayment
-
Prepayment amount:
790 million yen - Prepayment date August 31, 2022
- Source of Funds for Prepayment Cash on hand
- Details of Borrowing to be Prepaid
Amount | Repayment | Amount | ||||||
outstanding | Borrowing | Repayment | ||||||
Category | Lender | outstanding | amount | Interest rate | Collateral | |||
after repayment | date | date | ||||||
(million yen) | (million yen) | |||||||
(million yen) | ||||||||
400 | 400 | - | December 6, | November 30, | ||||
Short- | Sumitomo Mitsui Banking | (Note 1) | Base interest rate | 2021 | 2022 | Unsecured | ||
and non- | ||||||||
term | Corporation | 390 | + 0.15% | March 31, | March 31, | |||
390 | - | guaranteed | ||||||
(Note 2) | 2022 | 2023 | ||||||
(Note 1) Please refer to the press release "Notice Concerning Debt Financing" dated November 16, 2021 and "Notice Concerning Debt Financing (Decision on Lender)" dated December 2, 2021, for details of the borrowing.
(Note 2) Please refer to the press release "Notice Concerning Debt Financing" dated November 16, 2021 and "Notice Concerning Debt Financing (Lenders and Green Loan)" dated March 25, 2022, for details of the borrowing.
3. Impact on Forecasts
The impact of the Prepayment on the investment results of SLR for the fiscal period ending November 30, 2022 (the 6th period; from June 1, 2022 to November 30, 2022) and the fiscal period ending May 31, 2023 (the 7th period; from December 1, 2022 to May 31, 2023) is minor, and the forecasts for investment results remain unchanged.
4. Outstanding Debt Balance after the Prepayment
(Unit: million yen) | |||
Before the Prepayment | After the Prepayment | Variance | |
Short-term borrowings | 2,190 | 1,400 | (790) |
Long-term borrowings | 46,200 | 46,200 | - |
Total borrowings | 48,390 | 47,600 | (790) |
Investment corporation bonds | 1,600 | 1,600 | - |
Total borrowings and | 49,990 | 49,200 | (790) |
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5. Other
Regarding the risks associated with the Prepayment, there are no changes in "Investment Risks" stated in the Securities Report, filed on February 24, 2022.
* For more information about SOSiLA Logistics REIT, please visit: https://sosila-reit.co.jp/en/
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