2023-07-31 17:30:15 ET
- Kilroy Realty Corporation ( NYSE: KRC ) on Monday said 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 10, 2034.
- The Company intends to use proceeds for general corporate purposes, including funding development and reserving funds to address its December 2024 unsecured bond maturity.
- Source: Press Release
For further details see:
Kilroy realty obtains $375 million secured loan