Latham & Watkins Advises Kilroy Realty In US$1.1 Billion Sustainability-Linked Unsecured Revolving Credit Facility

A Los Angeles based real estate team advised the real estate investment trust in the transaction.

April 21, 2021

Kilroy Realty Corporation announced that its operating partnership, Kilroy Realty, L.P., amended and restated its unsecured revolving credit facility. The amendment and restatement increased the size of the revolver from US$750 million to US$1.1 billion, reduced the borrowing costs, and extended the maturity date to July 31, 2025 with two six-month extension options.

Latham & Watkins LLP represented Kilroy Realty in the transaction with a corporate team led by Los Angeles partner Pablo Clarke with associates Jeff Najjar and Rychelle Andersen. Advice was also provided on tax matters by Los Angeles partner Ana O’Brien and Los Angeles counsel Will Kessler.

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