Business
Kilroy Realty, L.P. Prices $400 Million of 5.875% Senior Notes Due 2035
LOS ANGELES, August 05, 2025--Kilroy Realty Corporation (NYSE:KRC) (the "Company") today announced that its operating partnership, Kilroy Realty, L.P., has priced an underwritten public offering of $400 million aggregate principal amount of 5.875% senior notes due 2035 (the "Notes"). The Notes will pay interest semi-annually at a rate of 5.875% per annum on April 15 and October 15 of each year, commencing April 15, 2026, mature on October 15, 2035 and are guaranteed by the Company. The Notes are
About this update from Kilroy Realty Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1170,"height":231,"url":"https://media.zenfs.com/en/business-wire.com/cac1b65fd9c7ddf8b860240aef6dd1b7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ZSSn_6BKs.YR8bU0UZJWbg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE5MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/cac1b65fd9c7ddf8b860240aef6dd1b7","width":960,"height":190},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/pd__Mod3QDaamzSMfMlkog--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIzNDA7aD00NjI7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/cac1b65fd9c7ddf8b860240aef6dd1b7","width":1170,"height":231}},"lazy":false},{"type":"text","content":"LOS ANGELES, August 05, 2025--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE:KRC) (the "Company") today announced that its operating partnership, Kilroy Realty, L.P., has priced an underwritten public offering of $400 million aggregate principal amount of 5.875% senior notes due 2035 (the "Notes"). The Notes will pay interest semi-annually at a rate of 5.875% per annum on April 15 and October 15 of each year, commencing April 15, 2026, mature on October 15, 2035 and are guaranteed by the Company. The Notes are being offered at a price equal to 98.991% of the principal amount, plus accrued interest, if any, with a yield to maturity of 6.006%. The offering is expected to close on August 8, 2025, subject to the satisfaction of customary closing conditions.","length":785,"tagName":"p"},{"type":"text","content":"Wells Fargo Securities, J.P. Morgan, PNC Capital Markets LLC, US Bancorp, Barclays, BMO Capital Markets, BNY Mellon Capital Markets, LLC, BofA Securities, KeyBanc Capital Markets, RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and SMBC Nikko acted as joint book-running managers of the offering.","length":300,"tagName":"p"},{"type":"text","content":"Net proceeds from the offering are expected to be approximately $393 million, after deducting the underwriting discount and the Company’s estimated expenses. The Company intends to use net proceeds from the offering to redeem or repay indebtedness and, to the extent not used for such purpose, for other general corporate purposes. The Company may also hold net proceeds in cash, cash equivalents and/or marketable securities. Su...