secwatch.observer — SEC 8-K summary
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Issuer:     KBS Real Estate Investment Trust III, Inc. (KBSR)
CIK:        0001482430
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001482430-23-000057
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

KBS REIT III extends Accenture Tower loan maturity to Nov 2024; capacity cut to $306M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482430/000148243023000057/0001482430-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482430/000148243023000057/kbsriii-20231201.htm
  HTML page:      https://secwatch.observer/filing/0001482430-23-000057

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