{"schema_version":"secwatch.filing_event.v1","accession":"0001482430-24-000007","form_type":"8-K","ticker":"KBSR","cik":"0001482430","company_name":"KBS Real Estate Investment Trust III, Inc.","filed_at":"2024-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.297540+00:00","generated_at":"2026-06-06T04:14:30.750232+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"KBS REIT III extends $601M loan to Aug 2024; must raise $100M by July 15, 2024","bullets":["Fourth Extension Agreement extends maturity of $601.3M portfolio loan facility to August 6, 2024.","Lenders waived debt service coverage ratio tests for Dec 2023, Mar 2024, Jun 2024 and net worth covenant.","Milestones: deliver cash flow plan by Feb 29, engage investment bank by Mar 29, raise $100M by Jul 15.","KBS REIT III engaged Moelis & Company LLC on Feb 12 to assist with capital raising and restructuring.","Substantial doubt about going concern; failure to meet milestones triggers immediate default."],"urls":{"canonical":"https://secwatch.observer/filing/0001482430-24-000007","json":"https://secwatch.observer/filing/0001482430-24-000007.json","markdown":"https://secwatch.observer/filing/0001482430-24-000007.md","text":"https://secwatch.observer/filing/0001482430-24-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000007/0001482430-24-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000007/kbsriii-20240206.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T04:14:30.750232+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":"440cb9a04a9d2f71aa9f51ae19f04e1000d0e4e7","claim":"KBS Real Estate Investment Trust III, Inc. amended credit facility of aggregate outstanding balance approximately $601.3 million with Bank of America, N.A., as administrative agent; Wells Fargo Bank, N.A., as syndication agent; Portfolio Loan Lenders at not explicitly stated maturing extended to August 6, 2024.","evidence_excerpt":"to extend the maturity of the facility to August 6, 2024. The aggregate outstanding principal balance of the Amended and Restated Portfolio Loan Facility was approximately $601.3 million as of February 6, 2024. Under the Fourth Extension Agreement, the Agent and the Portfolio Loan Lenders waived the requirement for the Properties to satisfy the minimum required","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000007/0001482430-24-000007-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"aggregate outstanding balance approximately $601.3 million"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent; Wells Fargo Bank, N.A., as syndication agent; Portfolio Loan Lenders"},{"label":"Rate","value":"not explicitly stated"},{"label":"Maturity","value":"extended to August 6, 2024"},{"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"}