Market Overview

Kilroy Realty Corporation Prices 5M Shares at $46.10

Kilroy Realty Corporation (NYSE: KRC) announced that it has priced its public offering of 5,000,000 shares of its common stock at $46.10 per share. The offering is expected to close on Monday, August 13, 2012, subject to customary closing conditions. The underwriters for the public offering have been granted a 30-day option to purchase up to 750,000 additional shares of common stock. BofA Merrill Lynch, Barclays, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers. The estimated net proceeds from the offering are expected to be approximately $220.9 million, before giving effect to any purchase by the underwriters of additional shares.

Posted-In: News Offerings

 

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