Kilroy Realty to redeem 4.8% notes due 2018 with new deal proceeds

New York, Nov. 27 – Kilroy Realty Corp. plans to redeem its $325 million of 4.8% notes due July 15, 2018 using proceeds from an offering of new notes.

The existing notes will be repaid using the make-whole call provision, according to a 424B5 filing with the Securities and Exchange Commission.

Kilroy Realty announced the sale of the new notes on Monday morning. The debt will be issue by the company’s operating partnership Kilroy Realty, LP.

Any remaining proceeds from the new notes will be used for general corporate purposes, which may include funding development projects, acquiring land and properties and repaying other outstanding indebtedness.

Kilroy Realty is a Los Angeles real estate investment trust.

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