secwatch.observer — SEC 8-K summary
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Issuer:     KILROY REALTY CORP (KRC)
CIK:        0001025996
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001025996-23-000172
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Kilroy Realty obtains $375M mortgage loan at 5.90% secured by One Paseo campus
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025996/000102599623000172/0001025996-23-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025996/000102599623000172/krc-20230720.htm
  HTML page:      https://secwatch.observer/filing/0001025996-23-000172

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