KBS Real Estate Investment Trust III, Inc. — fact timeline

KBS Real Estate Investment Trust III, Inc. amended revolving credit of $160.4 million with U.S. Bank National Association, as administrative agent maturing December 15, 2026.

“Agreement and after giving effect to the disbursement of the holdbacks described below, the outstanding principal balance of the Modified Portfolio Revolving Loan Facility was $160.4 million, with no additional holdbacks available for future funding. The Fifth Modification Agreement extended the maturity date of the Modified Portfolio Revolving Loan Facility to”

KBS Real Estate Investment Trust III, Inc. amended credit facility of $205.5 million with U.S. Bank National Association, as administrative agent maturing March 25, 2026.

“Gateway Tech Center and 201 17th Street (the “Properties”). As of January 27, 2026, the outstanding principal balance of the Modified Portfolio Revolving Loan Facility was $205.5 million, and $3.3 million of the holdbacks on the Modified Portfolio Revolving Loan Facility are available for future disbursement, subject to certain terms and conditions contained in”

KBS Real Estate Investment Trust III, Inc. amended credit facility of approximately $465.9 million outstanding, plus up to $15.0 million additional funding with Bank of America, N.A., as administrative agent, and the lenders listed in the filing at one-month Term SOFR plus 300 basis points maturing January 22, 2027.

“points. Prior to closing the Eighth Modification Agreement, the aggregate outstanding principal balance of the Amended and Restated Portfolio Loan Facility was approximately $465.9 million (the “Principal Debt”). The Eighth Modification Agreement provides for $15.0 million of new funding (“Additional Loan Proceeds”; the Additional Loan Proceeds together with the”

KBS Real Estate Investment Trust III, Inc. amended credit facility of $249.2 million with U.S. Bank National Association, Regions Bank, Citizens Bank, City National Bank, Associated Bank at one-month Term SOFR plus 300 basis points maturing April 15, 2024.

“that KBS REIT III will complete the sale of the McEwen Building. As of February 9, 2024, the borrowing capacity under the Modified Portfolio Revolving Loan Facility was $249.2 million, of which $124.6 million was term debt and $124.6 million was revolving debt, all of which was outstanding. The Modified Portfolio Revolving Loan Facility had a maturity date of”

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.

“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”

KBS Real Estate Investment Trust III, Inc. reported a default on loan of $125.0 million with 201 Spear Street Lender at 5.0% plus the greater of (a) one-month term SOFR plus 1.45% or (b) the Prime Rat.

“payment, resulting in an event of default on the loan on November 14, 2023. The 201 Spear Street property is currently valued at substantially less than the outstanding debt of $125.0 million. As of November 15, 2023, interest on the loan began to accrue at the default interest rate of the lesser of (i) the maximum rate allowed by law or (ii) 5.0% plus the greater of”

KBS Real Estate Investment Trust III, Inc. incurred credit facility of $5.0 million with Bank of America, N.A., as administrative agent maturing February 6, 2024.

“In addition, the Third Extension Agreement required that the Amended and Restated Portfolio Loan Facility Borrowers make a principal paydown on the loan in the amount of $5.0 million, and the aggregate commitment under the Amended and Restated Portfolio Loan Facility was permanently reduced by that amount. The aggregate outstanding principal balance of the”

KBS Real Estate Investment Trust III, Inc.: Amended and restated bylaws to update stockholder nomination procedures related to Rule 14a-19, including certification, representation, information, and nominee limit requirements, effective December 12, 2023 (effective 2023-12-12).

“On December 12, 2023, KBS Real Estate Investment Trust III, Inc.’s (the “Company”) board of directors amended and restated the Company’s bylaws effective as of December 12, 2023 (the “Fourth Amended and Restated Bylaws”).”

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.

“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”

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.

“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”

Jeffrey A. Dritley resigned as member of the board of directors at KBS Real Estate Investment Trust III, Inc..

“On September 14, 2023, Jeffrey A. Dritley notified KBS Real Estate Investment Trust III, Inc. (the “Company”) of his decision to resign as a member of the Company’s board of directors effective as of December 31, 2023.”

KBS Real Estate Investment Trust III, Inc. shareholders approved ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023 at the 2023-07-11 meeting.

“The appointment of E&Y was ratified. The number of votes cast for and votes cast against, and the number of abstentions with respect to, the ratification of the appointment of E&Y as the Company’s independent registered public accounting firm for the year ending December 31, 2023 were as follows: Votes For Votes Against Abstentions Broker Non-Votes Ratification of E&Y Appointment 72,529,088 595,088 1,590,705 —”

KBS Real Estate Investment Trust III, Inc. shareholders approved election of six directors to hold office for one-year terms at the 2023-07-11 meeting.

“All of the director nominees were elected. The number of votes cast for and votes cast against, and the number of abstentions with respect to, each of the director nominees as well as the number of broker non-votes were as follows: Votes For Votes Against Abstentions Broker Non-Votes Charles J. Schreiber, Jr. 37,608,770 1,425,223 2,105,787 33,575,101 Marc DeLuca 37,685,641 1,329,406 2,124,733 33,575,101 Jeffrey A. Dritley 37,697,417 1,306,500 2,135,863 33,575,101 Stuart A. Gabriel, Ph.D. 37,717,024 1,357,448 2,065,308 33,575,101 Robert Milkovich 37,641,921 1,381,578 2,116,281 33,575,101 Ron D. Sturzenegger 37,596,724 1,355,012 2,188,044 33,575,101”

KBS Real Estate Investment Trust III, Inc. shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2022 at the 2023-03-09 meeting.

“The number of votes cast for and votes cast against, and the number of abstentions with respect to, the ratification of the appointment of E&Y as the Company’s independent registered public accounting firm for the year ending December 31, 2022 were as follows:”

KBS Real Estate Investment Trust III, Inc. shareholders approved Election of six directors to hold office for one-year terms at the 2023-03-09 meeting.

“At the Annual Meeting, the Company’s stockholders voted in person or by proxy on (1) the election of six directors to hold office for one-year terms; and (2) the ratification of the appointment of Ernst & Young LLP (“E&Y”) as the Company’s independent registered public accounting firm for the year ending December 31, 2022.”

KBS Real Estate Investment Trust III, Inc. entered into Modified Portfolio Revolving Loan Facility with U.S. Bank, N.A. valued at $249.2 million committed amount; interest at Term SOFR plus 160 basis points per annum (effective 2023-02-28).

“On February 28, 2023, the Borrower entered into a second modification with the Agent and the Lenders to convert the benchmark interest rate from LIBOR to Term SOFR.”