secwatch.observer — SEC 8-K summary
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Issuer:     KILROY REALTY CORP (KRC)
CIK:        0001025996
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001193125-24-056219
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kilroy Realty approves $500M share repurchase and $500M ATM equity offering
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- Board approved $500M share repurchase program, replacing prior program, effective Feb 27, 2024.
- Company entered into ATM agreement to sell up to $500M of common stock through agents and forward sellers.
- Proceeds from ATM to fund development, acquisitions, and debt repayment; forward sale agreements allow cash or share settlement.
- Agents receive up to 2% commission; shares sold on NYSE via at-the-market offerings, block trades, or privately.
- Repurchase program does not obligate company to buy any shares; may be suspended at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025996/000119312524056219/0001193125-24-056219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025996/000119312524056219/d770568d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-056219

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