Kilroy Realty to redeem all $325 million 4.8% senior notes Dec. 27

By Sarah Lizee

Olympia, Wash., Nov. 27 – Kilroy Realty Corp. announced that its operating partnership, Kilroy Realty, LP, will redeem all of its $325 million of outstanding 4.8% senior notes due July 15, 2018, according to a press release.

The notes will be redeemed on Dec. 27 at par plus a make-whole amount and accrued interest to the redemption date.

As a result of the redemption, the company said it expects to incur a one-time charge of roughly $5.5 million to net income and funds from operations in the fourth quarter of 2017.

U.S. Bank NA is the trustee and paying agent.

Kilroy Realty is a Los Angeles-based real estate investment trust with office and mixed-use submarkets along the West Coast.

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