Kilroy Realty expands term loan to $500 million, increases accordion

By Wendy Van Sickle

Columbus, Ohio, Jan. 30 – Kilroy Realty Corp. operating partnership Kilroy Realty, LP entered into an amendment on Jan. 27 to its unsecured term loan facility to exercise the accordion feature to provide for borrowings of up to $500 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also increased the capacity under the accordion to provide additional term loan commitments or to add one or more tranches of term loans up to a total amount of $650 million, subject to obtaining lender commitments.

No other terms of were changed.

The term loan is provided for under a credit agreement dated Oct. 3, 2022 with JPMorgan Chase Bank, NA as administrative agent.

Kilroy is a real estate investment trust based in Los Angeles.

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