secwatch.observer — SEC 8-K summary
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Issuer:     KILROY REALTY CORP (KRC)
CIK:        0001025996
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001193125-22-256654
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025996/000119312522256654/0001193125-22-256654-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025996/000119312522256654/d393304d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-256654

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer