Translation of Japanese Original
August 27, 2020
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 & CEOInquiries:
Hiroaki Momoi
Head of Planning Division
Office REIT Department
TEL: +81-3-5157-6010

Notice Concerning Debt Financing (Series 176)

Kenedix Office Investment Corporation (“the Investment Corporation”) has announced today, that the Investment
Corporation decided to undertake the debt financing (total of 2,500 million yen).
Please see below for the details.
1. Outline of Debt Financing
SeriesLenderAmountInterest Rate
(Note 1) (Note 2)

176-A

Mizuho Bank, Ltd.

1,000
millionyen

Base rate(JPY TIBOR
for 1 month)+0.25000%

176-B

Development Bankof Japan Inc.

1,500
millionyen

0.70500%(Fixed interest rate)

Contract
Date

August 27,
2020

Drawdown
Date

Principal
Repayment
Date (Note 1)

Collateral ・Repayment
MethodAugust 31,
2021

Unsecured,
unguaranteed・Repaymentof principal
in full on
maturity dateAugust 31,
2020
August 31,
2030

Note 1: The first interest payment of Series 176-A is due at the end of September 2020, and on the last day of every month thereafter with theprincipal repayment day. The first interest payment of Series 176-B is due at the end of November 2020, and on the last day of every 3months 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 nextmonth, 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 176-A shall becalculated based on Japanese Yen TIBOR for 1 month, which the JBATA releases two business days before each interest payment date.
The Japanese Yen TIBOR of the JBATA is available on the JBATA website (http://www.jbatibor.or.jp/english/rate/).

2. Purpose of Debt Financing
Series 176-A is to apply the fund towards the repayment of Series 167 (1,000 million yen) with the principal
repayment date of August 31, 2020, Series 176-B is to apply the fund towards the repayment of Term Loan 87-B
(1,500 million yen) with the principal repayment date of August 31, 2020.

13. Status of Borrowings and Investment Corporation Bonds after the Debt Financing (as of August 31, 2020)(Millions of yen)

Short-Term Borrowings (Note 1)

Balance before
the Debt Financing
12,500

Balance after
the Debt Financing
13,500Long-Term Borrowings (Note 2)Classification

Difference+1,000179,250

178,250-1,000Total Borrowings

191,750

191,750

0Investment Corporation Bonds

10,00010,0000201,750

201,7500Total Borrowings and Investment Corporation Bonds

Note 1: 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 2: Long-term borrowings refer to debt financing with a period more than one year from the drawdown date to the principal repayment date.

4. 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 30, 2020).
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 August 27, 2020. However, noassurance or warranties are given for the completeness or accuracy of this English translation.

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