CRE Logistics REIT,Inc. [3487.T]
TOKYO, Jun 23 (Pulse News Wire) – CRE Logistics Reit,inc. (3487.T) announced today that it has decided to borrow ¥9.8 billion through refinancing and new loans.
The funds will be used to repay existing debts due on July 31, 2026, and to finance the acquisition of assets previously disclosed on August 18, 2025, along with associated costs. The borrowing includes individual loan agreements with several banks such as Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Finance Agency, and others. The total amount borrowed will consist of long-term loans totaling ¥5.8 billion and short-term loans totaling ¥4 billion. Additionally, there are plans to enter into interest rate swap contracts to effectively fix the interest rates.
After the new borrowings, the company's total debt will increase to ¥68.619 billion, up from ¥65.919 billion prior to the new loans. The additional funding will help stabilize the company’s financial position while supporting its asset acquisition strategy. In its outlook, the company stated that the impact of the new borrowings is expected to be minor and does not anticipate changes to its previously forecasted operational performance for the fiscal years ending June 2026 and December 2026. Further details on the risks associated with the borrowings can be found in the company’s securities report dated February 17, 2026.
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