Kilroy Realty plans to redeem $250 million 6.625% notes on Dec. 14

By Sarah Lizee

Olympia, Wash., Nov. 14 – Kilroy Realty Corp. said operating partnership Kilroy Realty, LP will redeem all $250 million of its outstanding 6.625% senior notes due June 1, 2020.

The notes will be redeemed on Dec. 14 at par plus a make-whole premium and accrued interest to the redemption date, according to a press release.

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

In connection with the redemption, Kilroy said it expects to record a loss from early extinguishment of debt of about $12.5 million to net income and funds from operations in the fourth quarter.

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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