{"schema_version":"secwatch.filing_event.v1","accession":"0001482430-23-000048","form_type":"8-K","ticker":"KBSR","cik":"0001482430","company_name":"KBS Real Estate Investment Trust III, Inc.","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.204225+00:00","generated_at":"2026-06-08T09:14:13.834587+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"KBS REIT III extends two loan facilities by weeks; $1.7B total maturities in 12 months","bullets":["Accenture Tower loan ($281.3M term + $93.7M revolver) maturity extended from Nov 2 to Dec 4, 2023; revolver advances suspended.","Portfolio loan ($606.3M outstanding) maturity extended from Nov 3 to Nov 17, 2023; $6.9M undrawn commitment permanently cancelled.","Company failed to meet extension conditions on Portfolio loan; discussions for further modifications ongoing but uncertain.","Company faces $1.7B in total loan maturities over next 12 months; refinancing difficult due to market conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001482430-23-000048","json":"https://secwatch.observer/filing/0001482430-23-000048.json","markdown":"https://secwatch.observer/filing/0001482430-23-000048.md","text":"https://secwatch.observer/filing/0001482430-23-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482430/000148243023000048/0001482430-23-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482430/000148243023000048/kbsriii-20231102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T09:14:13.834587+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"24c79b9898b21eb801cb317a467ab9761bede60a","claim":"KBS Real Estate Investment Trust III, Inc. amended revolving credit of up to $375.0 million with U.S. Bank, National Association; Bank of America, N.A.; Deutsche Pfandbriefbank AG maturing extend the initial maturity date ... to December 4, 2023.","evidence_excerpt":"with the National Bank of Kuwait S.A.K.P. Grand Caymans Branch (which was subsequently added as a lender), the “Accenture Tower Lenders”), for a committed amount of up to $375.0 million (as amended and modified, the “Accenture Tower Revolving Loan”), of which $281.3 million was term debt and $93.7 million was revolving debt. The Accenture Tower Revolving Loan is","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1482430/000148243023000048/0001482430-23-000048-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $375.0 million"},{"label":"Counterparty","value":"U.S. Bank, National Association; Bank of America, N.A.; Deutsche Pfandbriefbank AG"},{"label":"Maturity","value":"extend the initial maturity date ... to December 4, 2023"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"d030864e833b6a9aad6dc7c2afeaf9519d15692e","claim":"KBS Real Estate Investment Trust III, Inc. amended credit facility of approximately $606.3 million outstanding; $6.9 million unadvanced portion permanently cancelled with Bank of America, N.A.; Wells Fargo Bank, National Association; U.S. Bank, National Association; Capital One, National Association; PNC Bank, National Association; Regions Bank; Zions Bankcorporation, N.A., DBA California Bank & Trust maturing extended to November 17, 2023.","evidence_excerpt":"options to extend the maturity date. As of November 3, 2023, the aggregate outstanding principal balance of the Amended and Restated Portfolio Loan Facility was approximately $606.3 million. The unadvanced portion of the commitment of approximately $6.9 million was permanently cancelled. The Company continues to have discussions with the Amended and Restated","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1482430/000148243023000048/0001482430-23-000048-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"approximately $606.3 million outstanding; $6.9 million unadvanced portion permanently cancelled"},{"label":"Counterparty","value":"Bank of America, N.A.; Wells Fargo Bank, National Association; U.S. Bank, National Association; Capital One, National Association; PNC Bank, National Association; Regions Bank; Zions Bankcorporation, N.A., DBA California Bank & Trust"},{"label":"Maturity","value":"extended to November 17, 2023"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}