Kilroy expects to pay down term loan borrowings with new notes

Chicago, Jan. 9 – Kilroy Realty LP announced that it expects to repay $200 million of borrowings under the operating partnership’s term loan from the proceeds of a new senior notes offering, according to a 424B5 filing with the Securities and Exchange Commission.

The filing also noted that debt repayment may include borrowings under the partnership’s $1.1 billion revolving credit facility.

The notes are being guaranteed by Kilroy Realty Corp.

Kilroy is a Los Angeles-based real estate investment trust that manages properties in the coastal regions of Greater Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.

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