Translation of Japanese Original

To All Concerned Parties

August 25, 2023

REIT Issuer:

Kenedix Office Investment Corporation

Hiroaki Momoi, Executive Director

(Securities Code: 8972)

Asset Management Company:

Kenedix Real Estate Fund Management, Inc.

Hikaru Teramoto, President & CEO

Inquiries:

Tomoya Shigaki

Head of Strategic Planning,

Office REIT Department

TEL: +81-3-5157-6010

Notice Concerning Debt Financing (Green Loan etc.)

Kenedix Office Investment Corporation ("the Investment Corporation") announced today, that the Investment Corporation decided to undertake the debt financing (total of 3,300 million yen) including the green loan. Please see below for the details.

1. Outline of Debt Financing

Amount

Interest Rate

Contract

Drawdown

Principal

Collateral

Series

Lender

Repayment

Repayment

(Note 1)

Date

Date

Date (Note 1)

Method

1,000

Base rate (Note 2)

Sumitomo Mitsui

(JPY TIBOR

November 1,

203-A

million

Banking Corporation

for 1 month)

2023

yen

Unsecured,

+0.17500%

unguaranteed

2,000

To be determined

August 29,

August 31,

・

MUFG Bank, Ltd.

million

(Note 4)

Repayment

2023

2023

203-B

yen

(Fixed interest rate)

August 31,

of principal

in full on

(Note 3)

300

Base rate (Note 2)

2026

Mizuho Trust & Banking

(JPY TIBOR

maturity date

million

Co., Ltd.

for 1 month)

yen

+0.17500%

Note 1: The first interest payment of Series 203-A is due at the end of September 2023, and on the last day of every month thereafter with the principal repayment day. The first interest payment of Series 203-B from MUFG Bank, Ltd. is due at the end of November 2023, and on the last day of every 3 month thereafter with the principal repayment day. The first interest payment of Series 203-B from Mizuho Trust & Banking Co., Ltd. is due at the end of September 2023, 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 the interest period for the interest due on the interest payment date shall be calculated based on a Japanese Yen TIBOR, which JBA TIBOR Administration ("the JBATA") releases two business days before the 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 debt financing is the green loan. The green loan is to be applied to the repayment of borrowings for the acquisition of the property with a certain level of environmental evaluation and certification in accordance with the Green Finance Framework ("the Framework") established by the Investment Corporation. The Framework has received a "Green1(F)" rating in the "JCR Green Finance Framework Evaluation" from Japan Credit Rating Agency, Ltd. ("JCR") on August 10, 2022. The details of the Investment Corporation's initiatives of green finance are available on the website (https://www.kdo-reit.com/en/sustainability/environment7.html).

Note 4: The undecided matters will be announced upon determination.

2. Purpose of Debt Financing

Series 203-A is to be applied to the repayment of Series 143-B with the principal repayment date of August 31, 2023. Series 203-B is to be applied to the repayments of Series 187-B and Term Loan 197-A with the principal repayment date of August 31, 2023.

1

Note: Please refer to the following press releases for the overview of each borrowing to be repaid.

Series 203-A

:

"Notice Concerning Debt Financing (Series 143) and the Execution of an Interest Rate Swap Agreement" dated August 25,

2017

Series 203-B

:

"Notice Concerning Debt Financing (Series 187 and 188)" dated September 14, 2021

"Notice Concerning Debt Financing (Green Loans etc.), Prepayments of Borrowings etc. and Execution of Interest Rate

Swap Agreements" dated August 26, 2022

3. Status of Borrowings and Investment Corporation Bonds after the Debt Financing (as of August 31, 2023)

(Millions of yen)

Classification

Balance before

Balance after

Difference

the Debt Financing

the Debt Financing

Short-Term Borrowings (Note 1)

300

1,000

+700

Long-Term Borrowings (Note 2)

201,650

200,950

-700

Total Borrowings

201,950

201,950

-

Investment Corporation Bonds

13,000

13,000

-

Total Borrowings and Investment Corporation Bonds

214,950

214,950

-

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 the principal 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 28, 2023).

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 25, 2023. However, no assurance or warranties are given for the completeness or accuracy of this English translation.

2

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Kenedix Office Investment Corporation published this content on 25 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2023 06:37:02 UTC.