Translation of Japanese Original
August 23, 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 167) and
Execution of Interest Rate Swap Agreement

Kenedix Office Investment Corporation (“the Investment Corporation”) has announced today, that the Investment
Corporation decided to undertake the debt financing (total of 1,000 million yen) and the execution of an interest rate
swap agreement.
Please see below for the details.
1. Outline of Debt Financing
Series167

LenderMizuho Bank, Ltd.

Amount1,000
millionyen

Interest Rate
(Note 1) (Note 2)

Base rate(JPY TIBOR
for 3 months)+0.25000%

Contract
Date

August 23,
2019

Drawdown
Date

August 30,
2019

Principal
Repayment
Date (Note 1)

Collateral ・Repayment
MethodAugust 31,
2020

Unsecured,
unguaranteed・Repaymentof principal
in full onmaturity date

Note 1: The first interest payment is due at the end of November 2019, 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 theprincipal 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 3 months, 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/).

2. Purpose of Debt Financing
Series 167 is to apply the fund towards the repayment of Series 157-A (1,000 million yen) with the principal
repayment date of August 30, 2019.
3. Interest Rate Swap Agreement(1) Purpose
For a hedge against possible increases in future interest rate.
(2) Details of Interest Rate Swap Agreement
SeriesCounterparty

167
To be determined and announced upon determination

Notional Amount

1,000 million yen

1Fixed Interest Rate for
Payment
Floating Interest Ratefor Receipt
Commencement Date

To be determined and announced upon determination

InterestRate

Base rate (JPY TIBOR for 3 months)
August 30, 2019

Termination Date

August 31, 2020

Payment Date

The first payment is due at the end of November 2019, and on the last day of every 3months thereafter with the termination date. (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 isin the next month, then previous business day will be applied.)

4. Status of Borrowings and Investment Corporation Bonds after the Debt Financing (as of August 30, 2019)(Millions of yen)

Short-term Borrowings (Note 1)

Balance before
the Debt Financing
3,200

Balance after
the Debt Financing
2,200Long-term Borrowings (Note 2)

173,850

174,850+1,000177,050

177,050

08,0008,000

0185,050

185,0500Classification

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.

5. 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 July 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 August 23, 2019. However, noassurance or warranties are given for the completeness or accuracy of this English translation.

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