LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE:KRC) (the “Company”) today announced that its operating partnership, Kilroy Realty, L.P., has priced an underwritten public offering of $400 million aggregate principal amount of 5.875% senior notes due 2035 (the “Notes”). The Notes will pay interest semi-annually at a rate of 5.875% per annum on April 15 and October 15 of each year, commencing April 15, 2026, mature on October 15, 2035 and are guaranteed by the Company. The Notes ar
Related Questions
Are there any covenants or call provisions in the notes that could influence future refinancing or restructuring decisions?
What is the expected impact of the $400 million capital raise on the stock’s valuation and price action?
What will be the intended use of proceeds from the $400 million senior notes issuance?
Could the issuance affect the REIT’s dividend policy or payout ratios?
How does the 5.875% coupon rate compare to current market yields for similar REIT senior notes?
How does this offering compare to recent debt issuances by peer REITs in terms of size, coupon, and maturity?
How might the new issuance impact the company’s liquidity profile and its ability to fund future projects?
Is the pricing of the notes indicative of market appetite for REIT‑sector debt at this time?
What are the potential risks if interest rates rise above the note’s coupon before maturity?
Will the addition of this debt materially change Kilroy Realty’s leverage or credit metrics?