Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 132

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 132
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 |     | pay all fees, expenses and other obligations required to be paid or satisfied in connection with the Merger and 
 the other transactions contemplated by the Merger Agreement.                                                    |

Parent expects this amount to be funded through a combination of the following: (1) the equity financing in an aggregate amount of up to $275 million; and (2) the debt financing in an aggregate principal amount of up to $400 million. Equity Financing On July 23, 2025, Elliott entered into an equity commitment letter (the “Equity Commitment Letter”) with Parent pursuant to which Elliott committed to contribute (or cause to be contributed) to Parent an aggregate amount of up to $275 million in cash (the “Equity Commitment”) on the terms and subject to the conditions set forth in the Equity Commitment Letter. The Equity Commitment is subject to certain customary conditions, including, 86

among others, the satisfaction or waiver of the conditions to the obligations of the parties to consummate the Merger, the funding of the Debt Financing or confirmation of the availability of the
debt financing to be funded at the closing and the substantially simultaneous consummation of the Merger in accordance with the terms of the Merger Agreement.

In addition, Elliott agreed to guarantee certain payment obligations of Parent under the Merger Agreement, including payment of the Parent Termination Fee (as
described in more detail under “The Merger Agreement—Termination Fees—Parent Termination Fee”) and reimbursement of certain costs and expenses.

Debt Financing

On July 23, 2025, Parent entered
into a debt commitment letter with Apollo (the “Debt Commitment Letter”), providing for the debt financing in an aggregate principal amount of up to $400 million, on the terms and subject to the conditions set forth in the Debt
Commitment Letter. The lenders’ obligations to provide the debt financing under the Debt Commitment Letter are subject to a number of conditions, including, among others, the execution and delivery of definitive documentation with respect to
the debt financing, completion of Apollo’s due diligence investigations and there being no material adverse effect (as defined therein).

Financing Efforts

The Merger Agreement does not
contain a financing condition to the closing of the Merger. Parent has agreed to use best efforts to take, or cause to be taken, those actions reasonably necessary and customary to obtain the proceeds of the Equity Financing and the Debt Financing.
If any portion of the Debt Financing contemplated by the Debt Commitment Letter