---
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"
generated_at: "2026-06-08T09:14:13.834587+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III extends two loan facilities by weeks; $1.7B total maturities in 12 months

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-23-000048
- JSON: https://secwatch.observer/filing/0001482430-23-000048.json
- Plain text: https://secwatch.observer/filing/0001482430-23-000048.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: up to $375.0 million
  - Counterparty: U.S. Bank, National Association; Bank of America, N.A.; Deutsche Pfandbriefbank AG
  - Maturity: extend the initial maturity date ... to December 4, 2023
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1482430/000148243023000048/0001482430-23-000048-index.htm
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: approximately $606.3 million outstanding; $6.9 million unadvanced portion permanently cancelled
  - Counterparty: 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
  - Maturity: extended to November 17, 2023
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1482430/000148243023000048/0001482430-23-000048-index.htm

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