Kilroy Realty eyeing offering of senior notes

By Aleesia Forni

Virginia Beach, Sept. 9 – Kilroy Realty, LP plans to price an offering of senior notes, according to a 42B5 filed with the Securities and Exchange Commission.

BofA Merrill Lynch, Barclays, J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the joint bookrunners.

Kilroy plans to use the proceeds from the offering to refinance the operating partnership’s 5% senior notes due 2015 and for general corporate purposes, which may include acquiring land and properties, funding development projects and repaying other outstanding debt.

The notes will be guaranteed by Kilroy Realty Corp.

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

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