Kilroy Realty Amends Its $500 Million Unsecured Credit Facility
2012年11月29日 - 7:50AM
ビジネスワイヤ(英語)
Kilroy Realty Corporation (NYSE: KRC) today announced that its
operating partnership, Kilroy Realty, L.P., completed an amendment
to its $500 million unsecured credit facility, which reduced the
borrowing costs and extended the maturity date to April 3, 2017.
The unsecured credit facility now bears interest at LIBOR plus
1.45% and includes a 30 basis point facility fee. The interest rate
and facility fee vary depending upon the company's credit ratings.
Kilroy Realty, L.P. expects to use the facility for general
corporate purposes, including funding its acquisition, development
and redevelopment programs, and repaying long-term debt. The
facility was syndicated to a group of 15 U.S. and international
banks led by J.P. Morgan Securities LLC and Merrill Lynch, Pierce,
Fenner & Smith Incorporated, which acted as joint lead
arrangers and joint bookrunners.
JP Morgan Chase Bank, N.A. will be the administrative agent for
the facility and Bank of America, N.A. will be the syndication
agent. Barclays Bank PLC, Compass Bank, PNC Bank, National
Association, Royal Bank of Canada, Union Bank, N.A., U.S. Bank
National Association and Wells Fargo Bank, N.A. acted as joint
documentation agents. Other participants in the facility include
Bank of the West, a California banking corporation, Comerica Bank,
KeyBank, National Association, Sumitomo Mitsui Banking Corporation,
Cathay United Bank, LTD., and Chang Hwa Commercial Bank, LTD., Los
Angeles Branch.
About Kilroy Realty Corporation. Kilroy Realty
Corporation, a member of the S&P Small Cap 600 Index, is a real
estate investment trust active in the office and industrial
property sectors along the West Coast. For over 60 years, the
company has owned, developed, acquired and managed real estate
assets primarily in the coastal regions of Los Angeles, Orange
County, San Diego, greater Seattle and the San Francisco Bay Area.
At September 30, 2012, the company's stabilized office portfolio
encompassed 12.7 million rentable square feet and its held for sale
portfolio encompassed 3.7 million rentable square feet of office
and industrial space. More information is available at
http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are based on our current expectations, beliefs and
assumptions, and are not guarantees of future performance.
Forward-looking statements are inherently subject to uncertainties,
risks, changes in circumstances, trends and factors that are
difficult to predict, many of which are outside of our control.
Accordingly, actual performance, results and events may vary
materially from those indicated in forward-looking statements, and
you should not rely on forward-looking statements as predictions of
future performance, results or events. Numerous factors could cause
actual future performance, results and events to differ materially
from those indicated in forward-looking statements, including,
among others, risks associated with: investment in real estate
assets, which are illiquid; trends in the real estate industry;
significant competition, which may decrease the occupancy and
rental rates of properties; the ability to successfully complete
acquisitions and dispositions on announced terms; the ability to
successfully operate acquired properties; the availability of cash
for distribution and debt service and exposure of risk of default
under debt obligations; adverse changes to, or implementations of,
applicable laws, regulations or legislation; and the ability to
successfully complete development and redevelopment projects on
schedule and within budgeted amounts. These factors are not
exhaustive. For a discussion of additional factors that could
materially adversely affect our business and financial performance,
see the factors included under the caption "Risk Factors" in our
annual report on Form 10-K for the year ended December 31, 2011 and
our other filings with the Securities and Exchange Commission. All
forward-looking statements are based on information that was
available, and speak only, as of the date on which they are made.
We assume no obligation to update any forward-looking statement
made in this press release that becomes untrue because of
subsequent events, new information or otherwise, except to the
extent required in connection with ongoing requirements under
Federal securities laws.
Kilroy Realty (NYSE:KRC)
過去 株価チャート
から 6 2024 まで 7 2024
Kilroy Realty (NYSE:KRC)
過去 株価チャート
から 7 2023 まで 7 2024