Investor Presentaiton
CONSERVATIVE STRUCTURE WITH STRONG LIQUIDITY
DEBT METRICS AS OF MARCH 31, 2022
3.4% weighted average interest rate
ć
6.0x Net Debt to Annualized Adjusted EBITDA (1)
77.2% fixed rate debt (2)
4.0 year weighted average debt maturity
ā No debt maturities until September 2023
WELL-STAGGERED DEBT MATURITIES ($000s) - MARCH 31, 2022
CITY OFFICE REIT
LIQUIDITY AS OF MARCH 31, 2022
$27 million of cash and cash equivalents
$21 million of restricted cash at property level
$350 million unsecured credit facility of which $50
million is a term loan and $300 million is a revolving
line of credit
$152 million of the $300 million revolving line of
credit was drawn at March 31, 2022
$700,000
$600,000
Debt Balance: $667.0 million (3)(4)
$500,000
$400,000
$300,000
$244,930
Interest Rate:
2.71%
$200,000
$100,000
$121,391
Interest Rate:
$42,433
Interest Rate:
3.47%
3.10%
$187,979
Interest Rate:
4.10%
Credit
Facility
$70,250
Interest Rate:
4.36%
$0
2022
2023
2024
2025
2026
2027
2028
2029
2030
(1)
Net debt calculated as debt principal less cash, cash equivalents and restricted cash
(2)
(3)
(4)
Included in fixed rate debt is $50 million of term loan debt that has been effectively fixed throughout the duration of the term loan pursuant to a swap agreement
$667.0 million represents the principal debt balance as of March 31, 2022 before deferred financing costs and unamortized fair value adjustments
$6.7 million of indebtedness attributable to non-controlling interests
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