---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-019065"
form_type: "8-K"
ticker: "KRC"
cik: "0001025996"
company_name: "KILROY REALTY CORP"
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:20:34.546774+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Kilroy Realty expands term loan facility to $500M and boosts accordion capacity to $650M

## Summary
- Exercised accordion to increase delayed draw term loan from $400M to $500M.
- Accordion feature expanded to allow additional commitments up to $650M total.
- Guaranteed by Kilroy Realty Corporation; other terms unchanged.
- Amendment dated January 27, 2023; no proceeds drawn yet.

## SEC filing metadata
- accession: 0001193125-23-019065
- form_type: 8-K
- ticker: KRC
- cik: 0001025996
- company_name: KILROY REALTY CORP
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1025996/000119312523019065/0001193125-23-019065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1025996/000119312523019065/d457228d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-019065
- JSON: https://secwatch.observer/filing/0001193125-23-019065.json
- Plain text: https://secwatch.observer/filing/0001193125-23-019065.txt

## Key facts
- Debt Financings
  KILROY REALTY CORP amended term loan of up to $500 million with JPMorgan Chase Bank, N.A..
  - Instrument: term loan
  - Principal: up to $500 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Event: amendment
  source text: On January 27, 2023, the Operating Partnership entered into an amendment to the Term Loan Agreement to (i) exercise the accordion feature under the Term Loan Agreement to provide for borrowings of up to $500 million and (ii) increase the capacity under the accordion feature to provide additional term loan commitments or add one or more tranches of term loans up to an aggregate amount of $650 million, subject to obtaining lender commitments and the satisfaction of certain customary conditions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025996/000119312523019065/0001193125-23-019065-index.htm
- Material Agreements
  KILROY REALTY CORP amended a credit facility with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent valued at $500 million (effective 2023-01-27).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent
  - Value: $500 million
  - Effective: 2023-01-27
  source text: On January 27, 2023, the Operating Partnership entered into an amendment to the Term Loan Agreement to (i) exercise the accordion feature under the Term Loan Agreement to provide for borrowings of up to $500 million and (ii) increase the capacity under the accordion feature to provide additional term loan commitments or add one or more tranches of term loans up to an aggregate amount of $650 million, subject to obtaining lender commitments and the satisfaction of certain customary conditions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025996/000119312523019065/0001193125-23-019065-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.