Kilroy buys back $122 million exchangeables due 2012 in fourth quarter

By Susanna Moon

Chicago, Jan. 25 - Kilroy Realty Corp. said it repurchased $122 million of its exchangeable senior notes due 2012 in the fourth quarter and $162 million of the exchangeables in the fiscal year ended Dec. 31.

The company said it recorded gains on early extinguishment of debt of approximately $1.8 million, or $0.04 per share, in the quarter and $4.9 million, or $0.12 per share, for the year on the repurchases.

Los Angeles-based Kilroy owns, operates and develops suburban office and industrial real estate in southern California.

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