Translation of Japanese Original

August 26, 2022

To All Concerned Parties

REIT Issuer:
Kenedix Office Investment Corporation
Hikaru Teramoto, 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 (Green Loans etc.),
Prepayments of Borrowings etc. and Execution of Interest Rate Swap Agreements
Kenedix Office Investment Corporation (“the Investment Corporation”) announced today, that the Investment
Corporation decided to undertake the debt financing (total of 19,550 million yen) including green loans (“the GreenLoans”) for the first time, the prepayments of borrowings etc. and execution of interest rate swap agreements. Pleasesee below for the details.
1. Outline of Debt Financing(1) Green Loans
The Green Loans are to be applied to the repayments of borrowings for the acquisitions of the properties with a certain
level of environmental evaluation and certification in accordance with the Green Finance Framework (“theFramework”) established by the Investment Corporation.
TermLoanLender

Mizuho Trust & Banking
197-ACo., Ltd.

Amount300
millionyen

Interest Rate
(Note 1) (Note 2)

Drawdown
Date

Base rate(JPY TIBOR
for 1 month)+0.17500%
Base rate(JPY TIBOR
for 3 months)+0.17500%
Base rate(JPY TIBOR
for 3 months)+0.20500%

197-E

Sumitomo Mitsui
Banking Corporation

500
millionyen

197-G

Mizuho Bank, Ltd.

2,400
millionyen

197-H

Shinsei Bank, Ltd.

1,000
millionyen

0.42000%(Fixed interest rate)

197-I

The Nishi-Nippon City
Bank, Ltd.

300
millionyen

0.35000%(Fixed interest rate)

The Norinchukin Bank

1,000
millionyen

The Bank of Fukuoka,Ltd.

500
millionyen

The 77 Bank, Ltd.

500
millionyen

197-K

Contract
Date

To be determined(Note 3)(Fixed interest rate)1

Principal
Repayment
Date (Note 1)

Collateral
Repayment
MethodAugust 31,
2023
August 31,
2025

August 29,
2022

August 31,
2022

August 31,
2027

August 31,
2029

Unsecured,
unguaranteed・Repaymentof principal
in full on
maturity date

Term
Loan

LenderAmountSumitomo Life Insurance
Company

500
millionyen

San ju San Bank, Ltd.

200
millionyen

Shinsei Bank, Limited

1,000
millionyen

The Nishi-Nippon CityBank, Ltd.

500millionyen197-K

197-M

Interest Rate
(Note 1) (Note 2)

Contract
Date

Drawdown
Date

Principal
Repayment
Date (Note 1)

Collateral
Repayment
MethodTo be determined(Note 3)

August 29,
2022

August 31,
2022

August 31,
2029

Unsecured,
unguaranteed
・Repaymentof principal
in full on
maturity date

Contract
Date

Drawdown
Date

Principal
Repayment
Date (Note 1)

Collateral
Repayment
Method(Fixed interest rate)

0.52500%(Fixed interest rate)(2) Debt Financing other than (1) above
TermLoan

LenderAmount197-B

Sumitomo Mitsui
Banking Corporation1,600million
yenAugust 31,
2024

197-C

Sumitomo Mitsui
Banking Corporation

1,600
millionyen

February 28,
2025

Sumitomo Mitsui
Banking Corporation

500
millionyen

Shinkin Central Bank

1,000
millionyen

197-F

Mizuho Bank, Ltd.

2,700
millionyen

197-J

Resona Bank, Limited.

1,950
millionyen

The Yamaguchi Bank,Ltd.

1,000
millionyen

The Chugoku Bank, Ltd.

500
million
yen

197-D

197-L

Interest Rate
(Note 1) (Note 2)

Base rate(JPY TIBOR
for 3 months)+0.17500%

August 31,
2025
August 29,
2022

August 31,
2022

August 31,
2026

Unsecured,
unguaranteed・
Repaymentof principal
in full on
maturity date

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

0.52500%(Fixed interest rate)

August 31,2029

Note 1: The first interest payment of Term Loan 197-A is due at the end of September 2022, and on the last day of every 1 month thereafter withthe principal repayment day. The first interest payment of the Green Loans other than Term Loan 197-A and debt financing is due at theend of November 2022, and on the last day of every 3 months 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 rates that are applied during interest period for the interest due on each interest payment date shall be calculated based on each
Japanese Yen TIBOR, which JBA TIBOR Administration (“the JBATA”) releases two business days before each interest payment date. TheJapanese Yen TIBOR of the JBATA is available on the JBATA website (https://www.jbatibor.or.jp/english/rate/).
Note 3: The undecided matters will be announced upon determination.

2. Purpose of Debt Financing
The above borrowings are to apply the fund towards the repayments of existing borrowings of 11,450 million yen due
on August 31, 2022 and the prepayments of existing borrowings of 8,100 million yen due on the same date (19,550million yen in total). The overviews of repayments and prepayments of existing borrowings are as follows:2

The new debt financing from Shinkin Central Bank will bring the total number of financial institutions to 26, which is
expected to further diversify and expand the number of financial institutions with which the Investment Corporation
deals.
BorrowingAmountRepayment
AmountMUFG Bank, Ltd.

1,000
millionyen

1,000
millionyen

Resona Bank,Limited.

950
millionyen

950
millionyen

Mizuho Bank, Ltd.

500
Millionyen

500
millionyen

The portion of 197-G

The Bank ofFukuoka, Ltd.

500
millionyen

500
millionyen

The portion of 197-K

The Nishi-Nippon
City Bank, Ltd.

500
millionyen

500
millionyen

The 77 Bank, Ltd.

500
millionyen

500
millionyen

The Higashi-Nippon
Bank, Limited

500
millionyen

500
millionyen

The portion of 197-L

San ju San Bank,Ltd.

500
millionyen

500
millionyen

The portion of 197-K
197-M

Mizuho Trust &Banking Co., Ltd.

800
millionyen

800
millionyen

Sumitomo Mitsui
Trust Bank, Limited

1,250
millionyen

750
millionyen

Sumitomo Mitsui
Banking Corporation

500
millionyen

500
millionyen

Mizuho Bank, Ltd.

350
millionyen

350
millionyen

Mizuho Bank, Ltd.

2,000
millionyen

2,000
millionyen

Mizuho Bank, Ltd.

500
millionyen

500
millionyen

The portion of 197-HMizuho Bank, Ltd.

300
millionyen

300
million
yen

197-I

192-A

Mizuho Bank, Ltd.

1,900
millionyen

1,900
millionyen

194-A

Sumitomo Mitsui
Banking Corporation

2,500
millionyen

2,500
millionyen

Mizuho Bank, Ltd.

800
millionyen

800
million
yen

107

121

186

190-A

191

194-B

Drawdown
Date

Principal
Repayment
Date

LenderSeriesRepayment
Date

Repayment funds
197-J

September 3,
2014
197-J

August 31,
2015

August 31,
2022

The portion of 197-M

The portion of 197-K

August 31,
2021

August 31,
2022

197-A
The portion of 197-H
The portion of 197-GThe portion of 197-M
197-E

The portion of 197-G
November 30,
2021

April 28,
2022

June 30,
2022

3

November 30,
2022

The portion of 197-G
The portion of 197-K

April 28,
2023

The portion of 197-F

August 31,
2022

The portion of 197-D
The portion of 197-L

June 30,
2023

The portion of 197-F

Series

LenderBorrowingAmountRepayment
AmountDrawdown
Date

Principal
Repayment
Date

195

Mizuho Bank, Ltd.

1,000
millionyen

1,000
millionyenJune 30,
2022

June 30,
2023

3,200
millionyen

3,200
millionyen

July 29,2022

August 31,
2022

196

Sumitomo Mitsui
Banking Corporation

Repayment
Date

Repayment funds
The portion of 197-G

August 31,
2022
197-B and 197-C

Note: Please refer to the following press releases for the overview of each borrowing above.
Series 107:“Notice Concerning Debt Financing (Series 105, 106 and 107) and the Interest Rate Swap Agreements” dated August 25, 2014

Series 121:“Notice Concerning Debt Financing (Series 121) and the Execution of Interest Rate Swap Agreements” dated August 27, 2015

Series 186
Series 190-A::

Series 191:

Series 192-A:“Notice Concerning Debt Financing (Series 186)” dated August 27, 2021
“Notice Concerning Debt Financing (Interest Rate Determination) and Execution of Interest Rate Swap Agreements (Term Loan190)” dated November 22, 2021
“Notice Concerning Debt Financing (Series 191) and Execution of Prepayments of Borrowings (Series 181-A, 182, 186)” dated
November 26, 2021
“Notice Concerning Debt Financing (Series 192)” dated April 26, 2022

Series 194-A:“Notice Concerning Debt Financing (Series 194)” dated June 24, 2022

Series 194-B:“Notice Concerning Debt Financing (Series 194)” dated June 24, 2022

Series 195:“Notice Concerning Debt Financing (Series 195)” dated June 24, 2022

Series 196:“Notice Concerning Debt Financing (Series 196)” dated July 22, 2022

3. Purpose of Financing through Green Loans
In 2019, the Investment Corporation established a Green Bond Framework and had been financing through green bonds.
Now, with the aim of contributing to the development of the domestic market by providing financing opportunities tofinancial institutions which are active in ESG financing, the Investment Corporation decided to review the existing
Green Bond Framework, restructure it as the Green Finance Framework, and implement financing through Green Loans.
The Framework has received a "Green1(F)" rating in the "JCR Green Finance Framework Evaluation" (Note) from Japan
Credit Rating Agency, Ltd. ("JCR") on August 10, 2022.
Note: The details of JCR Green Finance Framework Evaluation are available on the JCR website (https://www.jcr.co.jp/en/greenfinance/).

4. Interest Rate Swap Agreements(1) Purpose of Interest Rate Swap Agreements
For a hedge against possible increases in future interest rate on borrowings with floating interest rates (Term Loan
197-B, 197-C, 197-D, 197-E, 197-F and 197-G).
(2) Details of Interest Rate Swap Agreements
Term Loan

197-B

Counterparty

197-D

To be determined and announced upon determination

Notional AmountInterestRate

197-C

1,600 million yen

Fixed Interest Rate
for Payment
Floating Interest Ratefor Receipt

1,600 million yen

Payment Date (Note)

1,000 million yen

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

Commencement Date
Termination Date

500 million yen

August 31, 2022
August 31, 2024

February 28, 2025

August 31, 2025

The first payment is due at the end of November 2022, and on the last day of every 3 months
thereafter with the termination date.

4Term Loan

197-E

197-F

Counterparty

To be determined and announced upon determination

Notional AmountInterestRate

197-G

500 million yen

Fixed Interest Rate
for Payment
Floating Interest Ratefor Receipt

2,700 million yen

2,400 million yen

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

Commencement Date

August 31, 2022

Termination Date

August 31, 2025

August 31, 2026

August 31, 2027

The first payment is due at the end of November 2022, and on the last day of every 3 months
thereafter with the termination date.

Payment Date (Note)

Note: If each payment day is a non-business day, then the payment 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.

5. Status of Borrowings and Investment Corporation Bonds after the Debt Financing and the Prepayments etc.
(as of August 31, 2022)(Millions of yen)Classification
Short-Term Borrowings (Note 1)
Long-Term Borrowings

Balance before
the Debt Financing andthe Prepayments etc.
15,100Balance afterthe Debt Financing andthe Prepayments etc.
800

Difference-14,300

186,850

201,150

14,300Total Borrowings

201,950

201,9500Investment Corporation Bonds

13,00013,0000214,950

214,9500(Note 2)

Total 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.

6. Other
For risks concerning the prepayments, etc. of the aforementioned debt financing, there are no significant changes tothe “Investment Risks” as described in the Securities Report (submitted on July 26, 2022).
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 26, 2022. However, no assurance
or warranties are given for the completeness or accuracy of this English translation.

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