Kilroy Realty Recasts Its $1.1 Billion Sustainability-Linked Unsecured Revolving Credit Facility - Seite 2

Extension Options

Two 6-Month

Two 6-Month

(1)

The borrowing spread and facility fee are variable and subject to a ratings-based pricing grid based on the Borrower’s credit rating.

The Revolving Credit Facility was syndicated to a group of twelve U.S. and international banks led by JPMorgan Chase Bank, N.A., BofA Securities, Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, and U.S. Bank National Association, which acted as joint lead arrangers and joint bookrunners. JPMorgan Chase Bank, N.A. is the administrative agent for the Revolving Credit Facility and Bank of America, N.A. is the syndication agent. BMO Capital Markets Corp., The Bank of Nova Scotia, and Sumitomo Mitsui Banking Corporation acted as joint lead arrangers. Wells Fargo Bank, N.A., PNC Bank, National Association, U.S. Bank National Association, Barclays Bank PLC, BMO Bank, N.A., Sumitomo Mitsui Banking Corporation, and The Bank of Nova Scotia acted as co-documentation agents. Other participants in the Revolving Credit Facility include KeyBank National Association, The Bank of New York Mellon, and Associated Bank, National Association. J.P. Morgan Securities LLC and BofA Securities, Inc. acted as sustainability structuring agents.

In addition, the Company paid down its existing $520 million senior unsecured term loan facility (the “Existing Term Loan Facility”) by $200 million and extended the final maturity on an aggregate principal amount of $200 million of the remaining $320 million by 12 months to October 3, 2027, inclusive of exercising its two one-year extension options (the “New Term Loan Facility”). The borrowing rate under the New Term Loan Facility is variable and subject to a ratings-based pricing grid, currently calculated as one-month Adjusted Secured Overnight Financing Rate (“SOFR”) plus 95-basis points, unchanged from the prior rate. The New Term Loan Facility was syndicated to a group of twelve U.S. and international banks led by JPMorgan Chase Bank, N.A., BofA Securities, Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, U.S. Bank National Association, and The Bank of Nova Scotia, which acted as joint lead arrangers and joint bookrunners.