Kilroy Realty Corporation Prices Common Stock Offering at $38.25 per Share

Kilroy Realty Corporation KRC today announced that it has priced its public offering of 5,250,000 shares of its common stock at $38.25 per share. The offering is expected to close on Monday, April 11, 2011, subject to customary closing conditions. The underwriters for the public offering have been granted a 30-day option to purchase up to 787,500 additional shares of common stock to cover overallotments, if any. All of the shares are being sold by Kilroy Realty Corporation. BofA Merrill Lynch, Barclays Capital and J.P. Morgan are acting as joint book-running managers. The estimated net proceeds from the offering are expected to be approximately $192.3 million, before giving effect to any exercise of the underwriters' overallotment option.