Kilroy Realty recasts and expands credit facilities to $1.25 billion

Corporate Action
โดย Business Wire·Read original
Summary · why it matters

Kilroy Realty Corporation announced that its operating partnership closed a fifth amended and restated senior unsecured revolving credit facility permitting borrowings of up to $1.25 billion, an increase from the previous $1.10 billion. The revolving facility’s maturity was extended two years to July 31, 2030, and its SOFR borrowing spread was reduced to 100 basis points from 110 basis points, with the prior 10-basis-point credit spread adjustment eliminated. The company also amended and restated a senior unsecured term loan facility maturing July 31, 2031, which provides for a $250 million term loan, of which $200 million was previously outstanding and $50 million represents additional delayed draw commitments available through June 11, 2027. The term loan’s SOFR borrowing spread was lowered to 115 basis points from 120 basis points, and its credit spread adjustment was removed. JPMorgan Chase Bank, BofA Securities, Wells Fargo Securities, PNC Capital Markets, and U.S. Bank served as joint lead arrangers and joint bookrunners for both facilities.

Impact on stocks 5

Financials▲ · 3 stocks
Bank of America Corp
BAC
▲ PositiveCapitalrelevance

BofA Securities acted as joint lead arranger and joint bookrunner for the credit facilities, generating fee income.

U.S. Bancorp
USB
▲ PositiveCapitalrelevance

U.S. Bank acted as joint lead arranger and joint bookrunner for the credit facilities, generating fee income.

Wells Fargo & Company
WFC
▲ PositiveCapitalrelevance

Wells Fargo Securities acted as joint lead arranger and joint bookrunner for the credit facilities, generating fee income.

Digital Finance & Tokenization▲ · 1 stocks
JPMorgan Chase & Co
JPM
▲ PositiveCapitalrelevance

JPMorgan Chase Bank acted as joint lead arranger and joint bookrunner for the credit facilities, generating fee income.

Real Estate▲ · 1 stocks
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