KBS REIT III entered into a Fourth Modification Agreement to extend the maturity of its secured portfolio revolving loan facility. The amendment, signed with U.S. Bank as administrative agent and a syndicate of lenders, pushes the maturity to Mar 25, 2026, with a potential extension to Apr 15, 2026 if conditions are met. Following Mar 1, 2026, failure to meet specified conditions can trigger an event of default within two business days. The agreement also limits and defers certain advisor fees and maintains collateral on 515 Congress, Gateway Tech Center and 201 17th Street.
Agreement details:
- Agreement type: Fourth modification of secured portfolio revolving loan facility
- Counterparty: U.S. Bank (administrative agent), Regions Bank, Citizens Bank, City National Bank and Associated Bank
- Signed / Effective: Jan 27 2026 / same
- Duration / Termination: Through Mar 25 2026; up to Apr 15 2026 if conditions met
- Reason: Extend maturity and preserve liquidity amid challenging market conditions
Original SEC Filing:
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