Kilroy Realty Corporation Closes Common Stock Offering (KRC)

Kilroy Realty Corporation KRC today announced that it has closed on its public offering of 6,037,500 shares at a price of $38.25 per share, which includes 787,500 shares sold to the underwriters upon the exercise of their overallotment option. The deal was upsized from the originally announced 4,500,000 shares (plus 675,000 shares subject to the underwriters' overallotment option). Net proceeds from the offering were approximately $221.2 million. Additional details related to this offering, including the company's use of proceeds, may be found in the prospectus supplement filed with the Securities and Exchange Commission on April 7, 2011.