---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-24-000071"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2024-12-13T23:59:59+00:00"
generated_at: "2026-05-29T03:30:25.320013+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III extends $306M Accenture Tower loan to Dec 18; lenders waive key covenants

## Summary
- Maturity extended twice: first to Dec 13 then to Dec 18, 2024.
- Outstanding balance $306.0M ($229.5M term + $76.5M revolving).
- Lenders waived net worth, leverage ratio, and EBITDA-to-fixed-charges covenants through Dec 18.
- Company warns of substantial doubt about going concern for at least one year from Nov 14, 2024.
- No assurance of longer-term extension or refinancing; loan cross-default provisions may accelerate other debt.

## SEC filing metadata
- accession: 0001482430-24-000071
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2024-12-13T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482430/000148243024000071/0001482430-24-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243024000071/kbsriii-20241209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-24-000071
- JSON: https://secwatch.observer/filing/0001482430-24-000071.json
- Plain text: https://secwatch.observer/filing/0001482430-24-000071.txt

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