Nippon Prologis REIT, Inc.
Notice Regarding Borrowing of Funds
Japan Prologis REIT, Inc. plans to borrow a total of 19.9 billion yen in long-term loans as funds for the repayment of the 19.9 billion yen long-term loan maturing on April 28, 2026.
Key Figures
- Total Borrowed Amount: 19.9 billion yen (funds for repayment)
- Borrowing Interest Rate ①: 2.27125% (Mitsubishi UFJ Bank, Ltd. and Development Bank of Japan Inc.)
- Borrowing Interest Rate ②: Benchmark Interest Rate (Zengin 1-month JPY TIBOR) + 0.175% (Sumitomo Mitsui Banking Corporation)
AI要約
Overview of the Borrowing
Japan Prologis REIT, Inc. has decided to conduct a long-term borrowing of 19.9 billion yen to allocate funds for the repayment of a long-term loan maturing on April 28, 2026. The lenders are Mitsubishi UFJ Bank, Ltd. and Development Bank of Japan Inc. for 7.8 billion yen, and Sumitomo Mitsui Banking Corporation for 12.1 billion yen. The borrowing interest rates are 2.27125% and Benchmark Interest Rate (Zengin 1-month JPY TIBOR) + 0.175%, respectively. Repayment will be in a lump sum at maturity, unsecured and without guarantees.
Financial Condition and Risks
As a result of executing this borrowing, the total interest-bearing debt remains unchanged at 362.3 billion yen before and after borrowing. It consists of 5.0 billion yen in short-term loans, 314.5 billion yen in long-term loans, and 42.8 billion yen in investment corporation bonds. Furthermore, a commitment line agreement totaling 20.0 billion yen is in place, but there is no outstanding balance on borrowings under this facility. There is no change in investment risks related to this borrowing, as disclosed in the Securities Report submitted on February 26, 2026.
