Kilroy Realty (KRC) Obtains $375M Secured Loan
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Kilroy Realty Obtains $375 Million Secured Loan
July 31, 2023 4:32 PM EDTLOS ANGELES--(BUSINESS WIRE)-- Kilroy Realty Corporation (NYSE: KRC, Kilroy or the "Company") announced today that it has obtained an eleven-year, non-recourse secured loan for $375 million provided by New York Life Insurance Company. The loan bears interest at a fixed rate of 5.90% on an interest-only basis and matures on August 10th, 2034.
One Paseo is a world-class, mixed-use campus that spans across 36 acres located in San Diegos vibrant submarket of Del Mar. The loan is secured by the portion of the Companys One Paseo campus that is on 23 acres, was developed in phases from 2019-2021, and is comprised... More
