Translation of Japanese Original
July 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 166) and
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 4,000 million yen) and the execution of interest rate
swap agreements.
Please see below for the details.
1. Outline of Debt Financing
LenderAmountInterest Rate
(Note 1) (Note 2)

166-A

Sumitomo Mitsui
Banking Corporation

1,000
millionyen

Base rate(JPY TIBOR
for 3 months)+0.30000%

July 31,2022

166-B

Sumitomo Mitsui
Trust Bank, Limited

1,000
millionyen

Base rate(JPY TIBOR
for 3 months)+0.30000%

July 31,2023

MUFG Bank, Ltd.

1,000
millionyen

Base rate(JPY TIBOR
for 3 months)+0.48750%

1,000
millionyen

Base rate(JPY TIBOR
for 3 months)+0.48750%

July 26,
2019

Drawdown
Date

July 31,2019

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

April 30,
2027

166-C
Sumitomo Mitsui
Trust Bank, Limited

Contract
Date

Principal
Repayment
Date (Note 1)

Series

Note 1: The first interest payment is due at the end of October 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 the principalrepayment will be due on the next business day and if that next business day is in the next month, then previous business day will beapplied.
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 JapaneseYen 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/).

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2. Purpose of Debt FinancingFor applying the fund towards the repayment of respective borrowings with the principal repayment date of July 31,
2019.
Series 166-A is to apply the fund towards the repayment of Series 155-A (1,000 million yen), Series 166-B is to apply
the fund towards the repayment of Series 105 (1,000 million yen) and Series 166-C is to apply the fund towards therepayment of Series 103 (1,000 million yen) and Series 104-B (1,000 million yen).
3. Interest Rate Swap Agreement(1) Purpose
For a hedge against possible increases in future interest rate.
(2) Details of Interest Rate Swap Agreement
Series

166-A

166-B

Notional Amount
Fixed Interest Rate forPaymentInterestRate
Floating Interest Ratefor Receipt
Commencement Date

1,000 million yen

Counterparty

166-C

To be determined and announced upon determination

Termination Date

1,000 million yen

1,000 million yen

1,000 million yen

To be determined and announced upon determination

Base rate (JPY TIBOR for 3 months)
July 31, 2019
July 31, 2022

July 31, 2023

April 30, 2027

The first payment is due at the end of October 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.)

Payment Date

4. Status of Borrowings and Investment Corporation Bonds after the Debt Financing (as of July 31, 2019)(Millions of yen)

Short-term Borrowings (Note 1)

Balance before
the Debt Financing
4,200

Balance after
the Debt Financing
3,200Long-term Borrowings (Note 2)

172,850

173,850+1,000177,050

177,050

08,0008,000

0185,050185,050

0Classification

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. 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 July 26, 2019. However, no assuranceor warranties are given for the completeness or accuracy of this English translation.

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