Kilroy Realty's $500M notes offering prices

|About: Kilroy Realty Corporation (KRC)|By:, SA News Editor

Kilroy Realty's (NYSE:KRC) public offering of $500.0M of 3.050% senior notes due 2030 prices at the equivalent of 99.878% of the principal amount, plus accrued interest, if any with a yield to maturity of 3.064%.

Offering is expected to close on Sept. 17, 2019.

Net proceeds will be ~$495.2M.

Intends to use proceeds for general corporate purposes, which may include funding development projects, acquiring land and properties, and repaying outstanding debt.

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