{"schema_version":"secwatch.filing_event.v1","accession":"0001025996-23-000172","form_type":"8-K","ticker":"KRC","cik":"0001025996","company_name":"KILROY REALTY CORP","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.924299+00:00","generated_at":"2026-06-13T02:09:15.543428+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Kilroy Realty obtains $375M mortgage loan at 5.90% secured by One Paseo campus","bullets":["Borrowed $375M from New York Life Insurance, secured by One Paseo mixed-use campus in Del Mar, CA.","Loan matures Aug 10, 2034; fixed interest rate 5.90%; monthly interest-only payments starting Sept 10, 2023.","Proceeds for general corporate purposes, including development and repaying a portion of 3.450% Senior Notes due 2024.","Loan is non-recourse with customary carve-outs; includes transfer restrictions and financial covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0001025996-23-000172","json":"https://secwatch.observer/filing/0001025996-23-000172.json","markdown":"https://secwatch.observer/filing/0001025996-23-000172.md","text":"https://secwatch.observer/filing/0001025996-23-000172.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1025996/000102599623000172/0001025996-23-000172-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1025996/000102599623000172/krc-20230720.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:09:15.543428+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f71ec5de84de9f2fe6d6ed2e2d6b26e293c32d6f","claim":"KILROY REALTY CORP incurred mortgage of $375,000,000 with New York Life Insurance Company at 5.90% maturing August 10, 2034.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1025996/000102599623000172/0001025996-23-000172-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"mortgage"},{"label":"Principal","value":"$375,000,000"},{"label":"Counterparty","value":"New York Life Insurance Company"},{"label":"Rate","value":"5.90%"},{"label":"Maturity","value":"August 10, 2034"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e6a545a46b9499ba22c4134b90f54aef68994c44","claim":"KILROY REALTY CORP entered into Loan with New York Life Insurance Company valued at $375,000,000 (effective 2023-07-20).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1025996/000102599623000172/0001025996-23-000172-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"New York Life Insurance Company"},{"label":"Value","value":"$375,000,000"},{"label":"Effective","value":"2023-07-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}