Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
KILROY REALTY CORP incurred mortgage of $375,000,000 with New York Life Insurance Company at 5.90% maturing August 10, 2034.
- Instrument
- mortgage
- Principal
- $375,000,000
- Counterparty
- New York Life Insurance Company
- Rate
- 5.90%
- Maturity
- August 10, 2034
- Event
- incurrence
Exact text from the filing
On July 20, 2023, certain subsidiaries (collectively, the “Borrowers”) of Kilroy Realty Corporation (the “Company”) and Kilroy Realty, L.P. (the “Operating Partnership”) entered into a mortgage loan transaction (the “Loan”) pursuant to which New York Life Insurance Company (the “Lender”) provided financing in the principal amount of $375,000,000 secured by, among other things, a deed of trust, assignment of leases and rents, security agreement and fixture filing (the “Deed of Trust”), as modified by a side letter (the “Side Letter”), encumbering two office buildings, 608 apartment units and over 95,000 square feet of retail at the Company’s One Paseo mixed-use campus in Del Mar, California (the “Property”). The Loan is evidenced by a Promissory Note (the “Note”), which matures on August 10, 2034, bears interest at an annual rate of 5.90% and requires monthly interest payments only, commencing on September 10, 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
KILROY REALTY CORP entered into Loan with New York Life Insurance Company valued at $375,000,000 (effective 2023-07-20).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- New York Life Insurance Company
- Value
- $375,000,000
- Effective
- 2023-07-20
Exact text from the filing
On July 20, 2023, certain subsidiaries (collectively, the “Borrowers”) of Kilroy Realty Corporation (the “Company”) and Kilroy Realty, L.P. (the “Operating Partnership”) entered into a mortgage loan transaction (the “Loan”) pursuant to which New York Life Insurance Company (the “Lender”) provided financing in the principal amount of $375,000,000
View on SEC.gov