Translation of Japanese Original
September 14, 2021
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 187 and 188)
Kenedix Office Investment Corporation (“the Investment Corporation”) has announced today, that the Investment
Corporation decided to undertake the debt financing (total of 5,000 million yen).
Please see below for the details.
1. Outline of Debt Financing
SeriesLender

MUFG Bank, Ltd.

188-B

Contract
Date

Drawdown
Date

2,000
million yen

Sumitomo Mitsui
Banking Corporation

MUFG Bank, Ltd.

500
million yen
500
million yen

Principal
Repayment
Date (Note 1)

Collateral ・Repayment
MethodFebruary 28,2023
To be determined
September 16, September 21,(Note 3)2021
2021
(Fixed interest rate)

August 31,
2023
February 29,
2024

1,000
million yen

187-C

188-A

Interest Rate
(Note 1) (Note 2)

1,000
million yen

187-A

187-B

AmountBase rate(JPY TIBOR
for 1 month)+0.30000%
To be determined(Note 3)(Fixed interest rate)

September 30,
2022

Unsecured,
unguaranteed・
Repaymentof principal
in full on
maturity date

September 28, September 30,
2021
2021
October 31,
2022

Note 1: The first interest payment of Series 187-A, 187-B and 187-C are due at the end of November 2021, and on the last day of every 3 months
thereafter with the principal repayment day. The first interest payment of Series 188-A is due at the end of October 2021, and on the last
day of every month thereafter with the principal repayment day. The first interest payment of Series 188-B is due at the end of December
2021, 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 thatnext 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 for Series 188-A shall becalculated based on Japanese Yen TIBOR for 1 month, which the JBA TIBOR Administration (“the JBATA”) releases twobusiness days before each interest payment date.
The Japanese Yen TIBOR of the JBATA is available on the JBATA website (https://www.jbatibor.or.jp/english/rate/).
Note 3: The undecided matter will be announced upon determination.

2. Purpose of Debt Financing
Series 187-A, 187-B and 187-C are to apply the fund towards the repayment of Series 98-B (4,000 million yen) withthe principal repayment date of September 21, 2021.
Series 188-A and 188-B are to apply the fund towards the repayment of Series 109 (1,000 million yen) with theprincipal repayment date of September 30, 2021.
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3. Status of Borrowings and Investment Corporation Bonds after the Debt Financing (as of September 30, 2021)(Millions of yen)Classification

Balance before
the Debt Financing

Balance after
the Debt Financing

Difference

Short-Term Borrowings (Note 1)

7,100

7,600

+500

Long-Term Borrowings (Note 2)

178,650

178,150-500

Total Borrowings

185,750

185,7500Investment Corporation Bonds

13,00013,0000

198,750

198,7500Total 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. 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 29, 2021).
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 September 14, 2021. However, noassurance or warranties are given for the completeness or accuracy of this English translation.

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