LOS ANGELES—Kilroy Realty, an operatingpartnership of Kilroy Realty Corp. has priced apublic offering of $400 million in unsecured senior notes due tomature on October 1, 2025. The company expects to earn $394.5million from the offering, after paying for underwriting costs, andwill use the proceeds to refinance 5% senior notes due this year,as well as for general corporate purposes, including real estateacquisitions.

“We had terrific execution with significant investor demand inwhat is a very volatile capital market,” TylerRose, Kilroy Realty Corp.'s CEO, tellsGlobeSt.com. “We were more than four-times oversubscribed andwere able to upsize the offering to $400 million while achievingvery attractive ten-year pricing with a very high qualityinstitutional investor base.”

The offering is priced at 99.4% of the principal cost and willclose on September 16, 2015. The notes will pay a semi-annualinterest of 4.375% until maturity. Bank of America MerrillLynch, Barclays, J.P.Morgan and Wells Fargo Securities actedas joint book-running managers for the offering.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.