secwatch.observer — SEC 8-K summary
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Issuer:     KILROY REALTY CORP (KRC)
CIK:        0001025996
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001025996-24-000101
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kilroy Realty recasts $1.1B revolving credit facility, extends maturity to July 2028
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025996/000102599624000101/0001025996-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025996/000102599624000101/krc-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001025996-24-000101

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