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Kilroy Realty common stock offering prices

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Kilroy Realty common stock offering prices

Kilroy Realty Corp. priced a public offering of 5.0 million common shares at $72.10 apiece.

The company has signed forward sale agreements with affiliates of Barclays and Citigroup in connection with the offering, which comes with a 30-day option for the underwriters to acquire up to 750,000 additional shares.

The office real estate investment trust plans to use the net proceeds, if any, that it receives upon the settlement of the forward sale agreements for general corporate purposes, which may include financing development projects, buying land and properties and repaying outstanding debt.

Barclays and Citigroup serve as joint book-running managers for the offering.