The news release you provided does not include any details about how Kilroy Realty, L.P. plans to use the proceeds from the $400 million senior‑note issuance. The excerpt you supplied ends abruptly (“The Notes ar…”) before any discussion of the intended use of the funds, and no additional information on that topic appears elsewhere in the supplied text.
Therefore, based on the information supplied, the specific purpose or allocation of the proceeds from the 5.875% senior notes due 2035 has not been disclosed. If you have access to the full press release or additional documentation, those sources would typically contain a “Use of Proceeds” section that would explain whether the proceeds are intended for general corporate purposes, refinancing existing debt, funding acquisitions, capital improvements, or other specific corporate initiatives. However, with the excerpt provided, we cannot determine the intended use.