ORIX JREIT : Announces New Debt Financing

For Immediate Release

REIT Issuer:

ORIX JREIT Inc. (TSE: 8954)

Hiroshi Miura

Executive Director

Asset Management Company:

ORIX Asset Management Corporation

Yoshitaka Kamemoto

President and CEO

Inquiries:

Shinji Yamana

Executive Officer and CFO

TEL：[phone]

ORIX JREIT Announces New Debt Financing

TOKYO, March 16, 2022 - ORIX JREIT Inc. ("OJR") announces that its asset management company, ORIX Asset Management Corporation, determined new debt financing as described below.

1. Total amount of debt financing, use of proceeds and the scheduled timing of disbursement

1. Total amount of debt financing

JPY 9,560 million

(2) Use of proceeds and the scheduled timing of disbursement

	Total amount of debt	The scheduled
Use of proceeds	financing	timing of
	(JPY million)	disbursement
To allocate to repay the long-term loan of JPY7,000 million	7,000	March 22, 2022
due on March 22, 2022
To allocate to repay the long-term loan of JPY2,560 million	2,560	March 31, 2022
due on March 31, 2022

2. New debt financing summary

1. Long-termloan

a.	Lender		The Norinchukin Bank
b.	Loan amount		JPY 4,500,000,000
c.	Applicable interest rate	(Note 2,3)	Base rate based on JBA 3-month JPY TIBOR + 0.19%
d.	Drawdown date		March 22, 2022
e.	Method of borrowing		Based on the term loan agreement dated March 17, 2022
f.	Maturity date		September 24, 2026
g.	Principal payment		Bullet payment on the maturity date
h.	Collateral / Guarantee		Un-secured /Non-guaranteed
i.	Purpose for new debt financing	To allocate to repay the long-term loan of JPY4,500 million
due on March 22, 2022
Notes

1. The first interest is scheduled to be paid on June 20, 2022, each interest is thereafter scheduled to be paid on the 20th day of March, June, September and December in every year by the principal payment date and on the principal payment date respectively. But if any such date is not a business day, payment shall be made on the next business day or, if such next business day is in the following month, the immediately preceding business day.

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1. 1. Base rate applicable to the calculation period for the interest payable on the interest payment date based on JBA 3- month JPY TIBOR is determined prior to 2 business days from the latest interest payment date.
   2. For Base rate based on JBA 3-month JPY TIBOR, please see the website of the JBA TIBOR administration. http://www.jbatibor.or.jp/english/
2. Long-termloan

a.	Lender		Sumitomo Mitsui Banking Corporation
b.	Loan amount		JPY 2,500,000,000
c.	Applicable interest rate	(Note1)	To be determined (Fixed rate)
d.	Drawdown date		March 22, 2022
e.	Method of borrowing		Based on the term loan agreement dated March 17, 2022
f.	Maturity date		June 21, 2027
g.	Principal payment		Bullet payment on the maturity date
h.	Collateral / Guarantee		Un-secured /Non-guaranteed
i.	Purpose for new debt financing	To allocate to repay the long-term loan of JPY2,500 million
due on March 22, 2022
Notes

1. 1. The interest rate will be announced when applicable interest rate is determined.
   2. The first interest is scheduled to be paid on June 20, 2022, each interest is thereafter scheduled to be paid on the 20th day of March, June, September and December in every year by the principal payment date and on the principal payment date respectively. But if any such date is not a business day, payment shall be made on the next business day or, if such next business day is in the following month, the immediately preceding business day.
2. Long-termloan

a.	Lender		Sumitomo Mitsui Banking Corporation
b.	Loan amount		JPY 2,560,000,000
c.	Applicable interest rate	(Note1)	To be determined (Fixed rate)
d.	Drawdown date		March 31, 2022
e.	Method of borrowing		Based on the term loan agreement dated March 29, 2022
f.	Maturity date		June 21, 2027
g.	Principal payment		Bullet payment on the maturity date
h.	Collateral / Guarantee		Un-secured /Non-guaranteed
i.	Purpose for new debt financing	To allocate to repay the long-term loan of JPY2,560 million
due on March 31, 2022
Notes

1. The interest rate will be announced when applicable interest rate is determined.
2. The first interest is scheduled to be paid on June 20, 2022, each interest is thereafter scheduled to be paid on the 20th day of March, June, September and December in every year by the principal payment date and on the principal payment date respectively. But if any such date is not a business day, payment shall be made on the next business day or, if such next business day is in the following month, the immediately preceding business day.

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3. Change in interest-bearing liabilities and LTV post-drawdown

					Unit: million yen
		Pre-drawdown	Post-drawdown	Change
		As of March 16, 2022	As of March 31, 2022
Short-term loans			―	―	―
Long-term loans			267,137	267,137	―
Total of loans			267,137	267,137	―
Investment corporation bonds			30,500	30,500	―
Total interest-bearing liabilities		297,637	297,637	―
LTV based on total assets	(Note)		43.5%	43.5%	―
Note: "LTV based on total assets" (%) = Interest-bearing	liabilities ÷ Expected total assets × 100
"Expected total assets" is calculated by adding or	subtracting the increase or decrease amount of interest-bearing

liabilities and unitholders' capital since September 1, 2021 to the total assets as of the end of the 39th fiscal period ended August 31, 2021. LTV figure is rounded to the one decimal place. Accordingly, change in the LTV figures may not tally due to rounding error.

4. Additional information for investors

With respect to the risks associated with new debt financing, the content of "Investment Risks" stated in our Security Report (Yukashoken Hokokusho) for the 39th fiscal period ended August 31, 2021, has not changed.

Note: This is the English translation of original Japanese documents and is provided solely for information purposes. If there are any discrepancies between the translation and the Japanese original, the latter shall prevail.

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