Kilroy Realty closes $400M unsecured term loan facility with SOFR-based pricing

KILROY REALTY CORP

$400M unsecured term loan, matures Oct 3, 2026, with two 1-year extension options.
Borrowing rate variable: one-month SOFR plus 95 bps, based on ratings grid.
$100M accordion feature to increase commitments subject to lender commitments.
Proceeds for general corporate purposes, including funding development and redevelopment projects.
Also amended revolving credit agreement to replace LIBOR with SOFR as benchmark.

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