Translation of Japanese Original
March 26, 2019
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 162 and 163) andthe Execution of Interest Rate Swap Agreements
Kenedix Office Investment Corporation (“the Investment Corporation”) has announced today, that the Investment
Corporation decided to undertake the debt financing (total of 5,850 million yen) and the execution of interest rate
swap agreements.
Please see below for the details.
1. Outline of Debt Financing
SeriesLenderAmountInterest Rate
(Note 1) (Note 2)

162

Sumitomo Mitsui
Banking Corporation

1,400million
yen

Base rate(JPY TIBOR
for 1 month)+0.60000%

Sumitomo Mitsui
Banking Corporation

1,000
millionyen

Base rate(JPY TIBOR
for 1 month)+0.30000%

163-B

Resona Bank, Limited

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

Sumitomo Mitsui
Trust Bank, Limited

2,950
millionyen

Base rate(JPY TIBOR
for 1 month)+0.60000%

Drawdown
Date

Principal
Repayment
Date (Note 1)

March 28,2019

March 31,2029

March 26,
2019

163-A
500
millionyen

Contract
Date

March 31,2020
March 29,
2019

Collateral ・Repayment
MethodUnsecured,
unguaranteed
・Repaymentof principal
in full on
maturity date

March 31,2029

Note 1: The first interest payment is due at the end of April 2019, and on the last day of every 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 the 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 (http://www.jbatibor.or.jp/english/rate/).

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2. Purpose of Debt Financing
Series 162 is to apply the fund towards the repayment of Series 70-B (1,400 million yen) with the principal repayment
date of March 28, 2019. Series 163-A is to apply the fund towards the partial repayment of Series 127 (500 out of
1,000 million yen) and the repayment of series 154 (1,000 million yen), and Series 163-B is to apply the fund towards
the repayment of Series 97-B (450 million yen) and Series 99 (2,500 million yen) with the principal repayment date ofMarch 29, 2019.
In addition, Series 127 is a borrowing that was financed for the purpose of allocation to the acquisition funds for
KDX Toranomon 1chome Building and the remainder after partial repayment by Series 163-A (500 million yen)is planned to be funded from partial proceeds of “Kenedix Office Investment Corporation Tenth Series
Unsecured Investment Corporation Bonds (Ranking pari passu among specified investment corporation bonds)(Green Bonds)” (Note) issued on February 15, 2019.
Note: For details on the investment corporation bonds, please refer to the press release, “Notice Concerning Issuance ofInvestment Corporation Bonds (Green Bonds)” dated February 8, 2019.

3. Interest Rate Swap Agreement(1) Purpose
For a hedge against possible increases in future interest rate of Series 162 and 163-B.
(2) Details of the Interest Rate Swap Agreement
162Series

163-B

Counterparty

Nomura Securities Co., Ltd.

Notional AmountInterestRate

1,400 million yen

2,950 million yen

0.23800%

0.23900%

Fixed Interest Rate for
Payment (Note)
Floating Interest Rate for
Receipt

Base rate (JPY TIBOR for 1 month)Commencement Date

March 28, 2019

March 29, 2019

Termination Date

March 31, 2029

Payment Date

The first payment is due at the end of April 2019, and on the last day of everymonth thereafter with March 31, 2029. (If each payment day is a non-businessday, then the payment will be due on the next business day and i f that next
business day is in the next month, then previous business day will be applied.)

Note: By entering into the interest rate swap agreements, the interest rates on Series 162 and 163-B are essentially fixed at 0.83800% and0.83900%, respectively.

4. Status of Borrowings and Investment Corporation Bonds after the Debt Financing (as of March 29, 2019)(Millions of yen)

Short-Term Borrowings (Note 1)

Balance beforethe Debt Financing
5,200

Balance after
the Debt Financing (Note 3)
4,200

Long-Term Borrowings (Note 2)

170,350

169,850-500

175,550

174,050-1,500

8,000

8,000

0

183,550

182,050-1,500Classification

Total Borrowings
Investment Corporation Bonds
Total Borrowings and Investment Corporation Bonds

Difference-1,000Note 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.
Note 3: The repayment amount of long-term borrowings due by cash on hand is reflected.

25. 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 January 30, 2019).

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 March 26, 2019. However, noassurance or warranties are given for the completeness or accuracy of this English translation.

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