Kilroy Realty recasts $1.25 billion revolver and extends $250 million term loan to 2031
Kilroy Realty's operating partnership closed a new $1.25 billion senior unsecured revolving credit facility and an amended $250 million term loan, both dated June 12, 2026, with JPMorgan Chase as administrative agent. The revolver's maturity moves to July 31, 2030 from July 31, 2028, and the term loan's maturity moves to July 31, 2031 from October 3, 2026, with lower borrowing spreads on both facilities. The company guarantees both facilities and says the recast extends maturities, improves pricing and increases total available borrowing capacity.
Key points
- Revolving credit facility rises to $1.25 billion from $1.10 billion, with a SOFR borrowing spread of 100 basis points versus 110 basis points previously
- Revolver maturity extends to July 31, 2030 from July 31, 2028, with two six-month extension options
- Term loan of $250 million, including $200 million already outstanding and $50 million of delayed draw commitments available through June 11, 2027, matures July 31, 2031 instead of October 3, 2026
- Term loan SOFR spread falls to 115 basis points from 120 basis points
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 17, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.