Translation of Japanese Original
July 5, 2021
To All Concerned Parties
REIT Issuer:
Kenedix Office Investment Corporation
Jiro Takeda, Executive Director(Securities Code: 8972)
Asset Management Company:
Kenedix Real Estate Fund Management, Inc.
Masahiko Tajima, President & CEO
Inquiries:
Hiroaki Momoi
Head of Planning Division
Office REIT Department
TEL: +81-3-5157-6010

Notice Concerning Debt Financing (Series 184 and 185),
Execution of an Interest Rate Swap Agreement and Prepayment of Borrowing (Series 181-A)

Kenedix Office Investment Corporation (“the Investment Corporation”) has announced today, that the Investment
Corporation decided to undertake the debt financing (total of 3,500 million yen) and the execution of an interest rate
swap agreement and prepayment of borrowing.
Please see below for the details.
1. Outline of Debt Financing
Series

184-A

LenderAmountInterest Rate
(Note 1) (Note 2)

Mizuho Bank, Ltd.

2,000
millionyen

Base rate(JPY TIBOR
for 1 months)+0.2500%

184-B

The Nishi-Nippon City
Bank, Ltd.

500
millionyen

Base rate(JPY TIBOR
for 3 months)+0.45000%

185

The Musashino
Bank, Ltd.

1,000million
yen

To be determined(Note 3)(Fixed interest rate)

Contract
Date

Drawdown
Date

Principal
Repayment
Date (Note 1)

Collateral ・Repayment
MethodJune 30,2022
July 8,2021

July 12,2021
June 30,2028

July 28,2021

July 30,2021

Unsecured,
unguaranteed
・Repaymentof principal
in full on
maturity dateJuly 31,2026

Note 1: The first interest payment of Series 184-A is due at the end of July 2021, and on the last day of every 1 month thereafter with the principal
repayment day. The first interest payment of Series 184-B is due at the end of September 2021, and on the last day of every 3 months
thereafter with the principal repayment day. The first interest payment of Series 185 is due at the end of August 2021, and on the last dayof every 1 month thereafter with the principal repayment day. If each interest payment day or the principal repayment day is a non-businessday, 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 rates that are applied during interest period for the interest due on each interest payment date for Series 184-A shall be calculated
based on Japanese Yen TIBOR for 1 month, for Series 184-B shall be calculated based on Japanese Yen TIBOR for 3 months, which JBA
TIBOR Administration (“the JBATA”) releases two business days before each interest payment date. The Japanese Yen TIBOR of theJBATA is available on the JBATA website (https://www.jbatibor.or.jp/english/rate/).
Note 3: The undecided matter will be announced upon determination.

2. Purpose of Debt Financing
Series 184-A and Series 184-B are to apply the fund towards the repayment of Series 102-B (2,500 million yen) withthe principal repayment date of July 12, 2021. Series 185 is to apply the fund towards the partial prepayment (1,0001million yen) of Series 181-A (1,300 million yen of the borrowing from Sumitomo Mitsui Banking Corporation) withthe principal repayment date of January 29, 2022.
In addition, for the purpose of diversifying and expanding the financial institutions that we deal with, we newly
borrow from The Musashino Bank, Ltd. as a new lender（Series 185）.
3. Interest Rate Swap Agreement(1)Purpose
For a hedge against possible increases in future interest rate.
(2)Details of Interest Rate Swap Agreement
Series184-B

Counterparty

To be determined and announced upon determination

Notional Amount

500 million yen

Fixed Interest Rate for
Payment
Floating Interest Ratefor Receipt

InterestRate

To be determined and announced upon determination
Base rate (JPY TIBOR for 3 months)

Commencement Date

July 12, 2021

Termination Date

June 30, 2028

Payment Date

The first payment is due at the end of September 2021, and on the last day of every 3 months
thereafter with the termination date. (If each payment day is a non-business day, then thepayment 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. )4. Outline of Planned Prepayment of Borrowing
SeriesLenderBalance ofBorrowing

Prepayment
AmountBalanceafter
Prepayment

Drawdown
Date

Principal
Repayment
Date

PlannedPrepayment
Date

Collateral

181-A

Sumitomo
Mitsui
BankingCorporation

1,300
millionyen

1,000
millionyen

300
millionyen

January 29,
2021

January 29,
2022

July 30,
2021

Unsecured,
unguaranteed

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

5. Status of Borrowings and Investment Corporation Bonds after the Debt Financing, etc. and the Prepayment（Note 1） (as of July 30, 2021)(Millions of yen)

Short-Term Borrowings (Note 2)

6,800

Balance after
the Debt Financing,etc andthe Prepayment
5,800

Long-Term Borrowings (Note 3)

180,950

179,950-1,000Total Borrowings

187,750

185,750-2,000Investment Corporation Bonds

11,00011,0000198,750

196,750-2,000

Balance as ofJune 30, 2021

Classification

Total Borrowings and Investment Corporation Bonds

Difference-1,000Note 1: For details on the prepayment, please refer to the press release, “Notice Concerning Prepayment of Borrowings (Series 176A ,180-A ,181-A and 183)” dated today.
Note 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.

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6. Other
For 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 January 28, 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 July 5 2021. However, no assurance orwarranties are given for the completeness or accuracy of this English translation.

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