debt
confidence high
sentiment neutral
materiality 0.55
KBS REIT III extends Accenture Tower loan maturity to Nov 2024; capacity cut to $306M
KBS Real Estate Investment Trust III, Inc.
- Exercised first 12-month extension on $375M Accenture Tower Revolving Loan; new maturity Nov 2, 2024.
- Borrowing capacity reduced to $306M ($229.5M term, $76.5M revolving); one extension option remains.
- Outstanding balance Dec 1, 2023: $281.3M ($229.5M term + $51.8M revolving); $24.7M revolving available.
- Original maturity had been extended to Dec 4, 2023 before exercising the first extension option.