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, June 10, 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 8,000 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 refinance the long-term loan of JPY2,000
million as described in (i) below, after subtracting proceeds	1,540	June 15, 2022
from disposition of the property "Beside Kiba"(Note) executed
on June 1, 2022.
To allocate to refinance the long-term loan of JPY8,100
million as described in (ii) below, after subtracting proceeds	6,460	June 20, 2022
from disposition of the property "Beside Kiba"(Note) executed
on June 1, 2022.

Note: For the details of disposition, please refer to the press release "ORIX JREIT Announces Disposition of Properties 'BesideKiba' and 'Cross Residence Kanazawa Kohrinbo'"dated March 31, 2022.

(i) Long-term loan(JPY2,000 million) to be repaid

Lender	Drawdown	Loan amount	Maturity date	Principal payment
date	(JPY million)
Mizuho Bank, Ltd.	June 15, 2020	2,000	June 15, 2022	Bullet payment on the
maturity date

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(ii) Long-term loan(JPY8,100 million) to be repaid

Lender	Drawdown	Loan amount	Maturity date	Principal payment
date	(JPY million)
Sumitomo Mitsui Banking		1,890
Corporation
Sumitomo Mitsui Trust Bank,	June 20, 2014	1,890	June 20, 2022	Bullet payment on the
Limited	maturity date
MUFG Bank, Ltd.		1,890
Mizuho Bank, Ltd.		1,430
Tokio Marine & Nichido Fire	June 23, 2017	1,000	June 20, 2022	Bullet payment on the
Insurance Co., Ltd.	maturity date

2. New debt financing summary

1. Long-termloan

a.	Lender		Mizuho Bank, Ltd.
b.	Loan amount		JPY 1,540,000,000
c.	Applicable interest rate	(Note1)	To be determined (Fixed rate)
d.	Drawdown date		June 15, 2022
e.	Method of borrowing		Based on the term loan agreement dated June 13, 2022
f.	Maturity date		March 21, 2030
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 JPY2,000 million
due on June 15, 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 September 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	Tokio Marine & Nichido Fire Insurance Co., Ltd.
b.	Loan amount	JPY 1,000,000,000
c.	Applicable interest rate	0.320% (Fixed rate)
d.	Drawdown date	June 20, 2022
e.	Method of borrowing	Based on the term loan agreement dated June 16, 2022
f.	Maturity date	June 22, 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 JPY1,000 million
due on June 20, 2022
Note:	The first interest is scheduled to be paid on September 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) Long-term loan

a.	Lender		Sumitomo Mitsui Banking Corporation
b.	Loan amount		JPY 1,250,000,000
c.	Applicable interest rate	(Note1)	To be determined (Fixed rate)
d.	Drawdown date		June 20, 2022
e.	Method of borrowing		Based on the term loan agreement dated June 16, 2022
f.	Maturity date		September 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 JPY7,100 million
due on June 20, 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 September 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		MUFG Bank, Ltd.
b.	Loan amount		JPY 1,890,000,000
c.	Applicable interest rate	(Note1)	To be determined (Fixed rate)
d.	Drawdown date		June 20, 2022
e.	Method of borrowing		Based on the term loan agreement dated June 16, 2022
f.	Maturity date		June 20, 2029
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 JPY7,100 million
due on June 20, 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 September 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		Mizuho Bank, Ltd.
b.	Loan amount		JPY 1,430,000,000
c.	Applicable interest rate	(Note1)	To be determined (Fixed rate)
d.	Drawdown date		June 20, 2022
e.	Method of borrowing		Based on the term loan agreement dated June 16, 2022
f.	Maturity date		June 20, 2030
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 JPY7,100 million
due on June 20, 2022
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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 September 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 Trust Bank, Limited
b.	Loan amount		JPY 890,000,000
c.	Applicable interest rate	(Note1)	To be determined (Fixed rate)
d.	Drawdown date		June 20, 2022
e.	Method of borrowing		Based on the term loan agreement dated June 16, 2022
f.	Maturity date		June 20, 2030
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 JPY7,100 million
due on June 20, 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 September 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.

3. Change in interest-bearing liabilities and LTV post-drawdown		Unit: million yen
		Pre-drawdown		Post-drawdown	Change (Note2)
		As of June 10, 2022		As of June 20, 2022
Short-term loans		―		―	―
Long-term loans		267,137		264,037	-3,100
Total of loans		267,137		264,037	-3,100
Investment corporation bonds		30,500		30,500	―
Total interest-bearing liabilities	297,637		294,537	-3,100
LTV based on total assets	(Note1)	43.6%		43. 3%	-0.3%

Notes

1. "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 March 1, 2022, to the total assets as of the end of the 40th fiscal period ended February 28, 2022. LTV figure is rounded to the one decimal place. Accordingly, change in the LTV figures may not tally due to rounding error.
2. Please also refer to the press release entitled "ORIX JREIT Announces Prepayment of Loan" dated June 3, 2022.

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 40th fiscal period ended February 28, 2022, 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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