Kenedix Retail REIT Corporation announced its decision to undertake debt financing (for a total of JPY 2,690 million) and the execution of interest rate swap transactions, as well as its decision to undertake early repayment of short-term borrowings as follows. KRR also executed interest swap agreements for the borrowings. The proceeds of this debt financing are to be used for the repayment of the Borrowing Series 6-B (amount of JPY 1,330 million) and Series 24-A (amount of JPY 700 million) with the repayment date of September 30, 2019 as well as early repayment of the Series 27-A-2 (amount of JPY 660 million) on September 30, 2019. KRR has decided to execute interest rate swap transactions for the Series 28-B as hedges against possible increases in future interest rates. KRR also executed interest swap agreements regarding the Series 28-B on September 26, 2019. Date of prepayment was September 30, 2019.