CRE Logistics REIT (TYO:3487) has secured 6.3 billion yen in borrowings, including green loans, to refinance maturing debt of 4.5 billion yen and redeem a 2 billion yen green bond due this year.

The loans, provided by major banks like Sumitomo Mitsui and Mizuho, feature interest rates tied to sustainability criteria and will fund logistics properties meeting green finance standards.

The refinancing will increase long-term loans by 1.8 billion yen but reduce total interest-bearing debt by 200 million yen, maintaining stable leverage.