Translation of Japanese Original

November 26, 2021

To All Concerned Parties

REIT Issuer:
Kenedix Office Investment Corporation
Hiroaki Momoi, Executive Director(Securities Code: 8972)
Asset Management Company:
Kenedix Real Estate Fund Management, Inc.
Masahiko Tajima, President & CEO
Inquiries:
Hiroaki Momoi
Head of Strategic Planning,
Office REIT Department
TEL: +81-3-5157-6010

Notice Concerning Debt Financing (Series 191)
and Execution of Prepayments of Borrowings (Series 181-A, 182, 186)

Kenedix Office Investment Corporation (“the Investment Corporation”) has announced today, that the Investment
Corporation decided to undertake the debt financing based on a Line of Credit Loan Master Agreement (total of 2,800
million yen) and prepayments of borrowings.
Please see below for the details.
1. Outline of Debt Financing
SeriesLenderAmountInterest Rate
(Note 1) (Note 2)

Principal
Repayment
Date (Note 1)

Collateral ・Repayment
MethodNovember 26, November 30, November 30,
2021
2021
2022

Unsecured,
unguaranteed・
Repaymentof principal
in full on
maturity date

Application
Date

Drawdown
Date

2,000
millionyen191(Note 3)

Mizuho Bank, Ltd.

500
millionyen

Base rate(JPY TIBORfor 1 month)+0.20000%

300
millionyenNote 1: The first interest payment is due at the end of December 2021, and on the last day of every 1 month thereafter with the principal repayment
day. If each interest payment day or the principal repayment day is a non-business day, then the interest payment or the principal repayment
will be due on the next business day and if that next business day is in the next month, then previous business day will be applied.
Note 2: The base rate that is applied during interest period for the interest due on each interest payment date shall be calculated based on Japanese
Yen TIBOR for 1 month which JBA TIBOR Administration (“the JBATA”) releases two business days before each interest payment date.
The Japanese Yen TIBOR of the JBATA is available on the JBATA website (https://www.jbatibor.or.jp/english/rate/).
Note 3: For details of the line of credit loan master agreement, please refer to the press release, “Notice Concerning Execution of a Line of Credit
Loan Master Agreement (Uncommitted)” dated today.

2. Purpose of Debt Financing
The borrowings above are to apply the fund towards the prepayment of the portion of Series 181-A (the remainderafter partial repayment, 300 million yen) with the principal repayment date of January 29, 2022, the prepayment ofSeries 182 (2,000 million yen) with principal repayment date of February 26, 2022, and the prepayment of the portionof Series 186 (500 million) with the principal repayment date of August 31, 2022.
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3. Outline of Planned Prepayments of Borrowings
SeriesLenderBalance ofBorrowing

Prepayment
AmountBalanceafterPrepayment

Drawdown
Date

Principal
Repayment
Date181-A

Sumitomo
MitsuiBankingCorporation

300millionyen

300
millionyen-

January 29,
2021

January 29,2022

182

SumitomoMitsui
Banking
Corporation

2,000million
yen

2,000
millionyen-

February 26,
2021

February 26,
2022

186

The Bank ofFukuoka, Ltd.

500
millionyen500
millionyen-

August 31,
2021

August 31,
2022

PlannedPrepayment
Date

Collateral

November 30,
2021

Unsecured,
unguaranteed

Note: For outlines of the borrowings, please refer to the press release, “Notice Concerning Debt Financing (Series 181) and Execution of Interest Rate
Swap Agreements” dated January 27, 2021, “Notice Concerning Debt Financing (Series 182)” dated February 24, 2021 and “Notice Concerning
Debt Financing (Series 186)” dated August 27, 2021.

4. Status of Borrowings and Investment Corporation Bonds after the Debt Financing, etc. and the Debt
Financing, etc. on the Same Date （Note 1） (as of November 30, 2021)(Millions of yen)

Short-Term Borrowings (Note 2)

Balance before
the Debt Financing, etc. andthe Debt Financing, etc. on
the Same Date (Note1)
10,600

Balance after
the Debt Financing, etc. andthe Debt Financing, etc. onthe Same Date（Note1）7,700

Long-Term Borrowings (Note 3)

175,150

178,050+2,900187,750

185,7500Classification

Total Borrowings
Investment Corporation Bonds
Total Borrowings and Investment Corporation Bonds

Difference-2,90013,00013,0000

198,750

198,7500

Note 1: In addition to these borrowings and prepayments, the other borrowings and prepayments will be executed on the same date. For details
on the borrowings and prepayments, please refer to the press release, “Notice Concerning Debt Financing (Term Loan 190),
Execution of Interest Rate Swap Agreements and Prepayment of Borrowings etc.” dated November 22, 2021Note 2: Short-term borrowings refer to debt financing with a period less than or equal to one year from the drawdown date to the principal
repayment date. However, the borrowings for which the period until the principal repayment date has surpassed one year because theprincipal repayment date after one year from the drawdown date is not a business day, and for which the principal repayment date has
been moved to a different business day, are included in short-term borrowings.
Note 3: Long-term borrowings refer to debt financing with a period more than one year from the drawdown date to the principal repayment date.

6. OtherFor risks concerning the repayment, etc. of the aforementioned debt financing, there are no significant changes to the“Investment Risks” as described in the Securities Report (submitted on July 29, 2021).
The Investment Corporation’s website: https://www.kdo-reit.com/en/
This notice is the English translation of the Japanese announcement on our website released on November 26, 2021. However, noassurance or warranties are given for the completeness or accuracy of this English translation.

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