Kilroy Realty eyeing $300 million of 15-year notes

By Aleesia Forni

Virginia Beach July 30 – Kilroy Realty, LP plans to price $300 million of 15-year senior notes, according to a market source and a 42B5 filed with the Securities and Exchange Commission.

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

Kilroy plans to use proceeds from the offering for general corporate purposes, which may include acquiring properties, funding development and redevelopment projects and repaying 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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