Kilroy Realty Corporation Files Registration Statement for Follow-On Equity Offering
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LOS ANGELES, July 28, 1997 - Kilroy Realty Corporation (NYSE: KRC) today reported that it has filed a registration statement with the Securities and Exchange Commission for a public offering of 10,000,000 shares of common stock and an over-allotment option of 1,500,000 shares. The company said it will use the proceeds for the repayment of debt, the continued expansion of its real estate portfolio, and general corporate purposes.
The company's current offering is being lead by Prudential Securities Incorporated, with Donaldson, Lufkin & Jenrette Securities Corporation, Merrill Lynch & Co., J.P. Morgan & Co., and Smith Barney, Inc. acting as co-managers.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
Copies of the prospectus, when available, may be obtained from Prudential Securities Incorporated, Proxy Department, 111 Eighth Avenue, Fifth Floor, New York, NY 10011.
Kilroy Realty Corporation owns, operates and develops office and industrial properties, primarily in California. At June 30, 1997, the company owned 2.7 million square feet of office space and 2.5 million square feet of industrial space.