--- schema_version: "secwatch.filing_event.v1" accession: "0001025996-24-000101" form_type: "8-K" ticker: "KRC" cik: "0001025996" company_name: "KILROY REALTY CORP" filed_at: "2024-03-06T23:59:59+00:00" generated_at: "2026-06-05T02:19:17.262136+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # Kilroy Realty recasts $1.1B revolving credit facility, extends maturity to July 2028 ## Summary - New $1.1B sustainability-linked unsecured revolving credit facility matures July 31, 2028, with two 6-month extension options. - Borrowing spread at SOFR + 90 bps + 10 bps credit spread adjustment; facility fee 20 bps (ratings-based). - Entered $200M term loan facility, maturity extended to October 3, 2027; proceeds used to pay down existing term loans. - Accordion feature allows up to $1.6B total commitments on revolver; $330M on term loan facility. - Replaces prior credit agreement from April 2021; existing $520M term loan reduced to $320M with extended maturity. ## SEC filing metadata - accession: 0001025996-24-000101 - form_type: 8-K - ticker: KRC - cik: 0001025996 - company_name: KILROY REALTY CORP - filed_at: 2024-03-06T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 1.01, 2.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1025996/000102599624000101/0001025996-24-000101-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1025996/000102599624000101/krc-20240306.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001025996-24-000101 - JSON: https://secwatch.observer/filing/0001025996-24-000101.json - Plain text: https://secwatch.observer/filing/0001025996-24-000101.txt ## Key facts - Debt Financings KILROY REALTY CORP incurred term loan of $200 million with JPMorgan Chase Bank, N.A., as administrative agent and a lender, and certain other financial institutions at SOFR-based rate option plus a credit spread adjustment of 0.10% per annum and an. - Instrument: term loan - Principal: $200 million - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and a lender, and certain other financial institutions - Rate: SOFR-based rate option plus a credit spread adjustment of 0.10% per annum and an - Event: incurrence source text: Term Loan Facility On March 6, 2024, the Operating Partnership, as borrower, entered into a term loan agreement (the “Term Loan Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent and a lender, and certain other financial institutions party thereto as lenders. The Term Loan Agreement provides for a $200 million senior unsecured term loan facility (the “Term Loan Facility”), the full amount of which was borrowed at closing. evidence_url: https://www.sec.gov/Archives/edgar/data/1025996/000102599624000101/0001025996-24-000101-index.htm - Debt Financings KILROY REALTY CORP incurred credit facility of $1.1 billion with JPMorgan Chase Bank, N.A., as administrative agent and a lender, and certain other financial institutions at SOFR plus a credit spread adjustment of 0.10% per annum and an applicable margin maturing July 31, 2028. - Instrument: credit facility - Principal: $1.1 billion - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and a lender, and certain other financial institutions - Rate: SOFR plus a credit spread adjustment of 0.10% per annum and an applicable margin - Maturity: July 31, 2028 - Event: incurrence source text: Revolving Credit Facility On March 6, 2024, Kilroy Realty, L.P. (the “Operating Partnership”), as borrower, entered into a fourth amended and restated credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent and a lender, and certain other financial institutions party thereto as lenders, which amends and restates and replaces in its entirety that certain third amended and restated credit agreement, dated as of April 20, 2021, by and among the Operating Partnership, JPMorgan Chase Bank, N.A., as administrative agent and a lender, and the other lenders named therein. The Credit Agreement provides for a senior unsecured revolving credit facility (the “Credit Facility”) that permits borrowings of up to $1.1 billion evidence_url: https://www.sec.gov/Archives/edgar/data/1025996/000102599624000101/0001025996-24-000101-index.htm - Material Agreements KILROY REALTY CORP entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent and a lender, and certain other financial institutions party thereto as lenders valued at up to $1.1 billion (effective 2024-03-06). - Action: entry - Agreement: credit facility - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and a lender, and certain other financial institutions party thereto as lenders - Value: up to $1.1 billion - Effective: 2024-03-06 source text: On March 6, 2024, Kilroy Realty, L.P. (the “Operating Partnership”), as borrower, entered into a fourth amended and restated credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent and a lender, and certain other financial institutions party thereto as lenders, which amends and restates and replaces in its entirety that certain third amended and restated credit agreement, dated as of April 20, 2021, by and among the Operating Partnership, JPMorgan Chase Bank, N.A., as administrative agent and a lender, and the other lenders named therein. evidence_url: https://www.sec.gov/Archives/edgar/data/1025996/000102599624000101/0001025996-24-000101-index.htm - Material Agreements KILROY REALTY CORP entered into Term Loan Agreement with JPMorgan Chase Bank, N.A., as administrative agent and a lender, and certain other financial institutions party thereto as lenders valued at $200 million senior unsecured term loan facility (effective 2024-03-06). - Action: entry - Agreement: credit facility - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and a lender, and certain other financial institutions party thereto as lenders - Value: $200 million senior unsecured term loan facility - Effective: 2024-03-06 source text: On March 6, 2024, the Operating Partnership, as borrower, entered into a term loan agreement (the “Term Loan Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent and a lender, and certain other financial institutions party thereto as lenders. evidence_url: https://www.sec.gov/Archives/edgar/data/1025996/000102599624000101/0001025996-24-000101-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.