Kilroy prices public offering at $20 per share (AP)
Fri, 29 May 2009 13:03:15 Etc/GM
Kilroy, which is selling all the shares, said it expects to receive about $166.7 million in proceeds from the offering. The company said it will give the proceeds to its operating partnership Kilroy Realty L.P., which will use the money to repay a portion of the borrowings under it unsecured revolving credit facility.
The offering is expected to close on June 3.
The company said the underwriters have been granted a 30-day option to buy up to about 1.3 million addition shares to cover overallotments.
Shares fell 94 cents, or 4.3 percent, to $20.88 in electronic premarket trading. The stock ended Thursday's trading at $21.82.
source: http://biz.yahoo.com/ap/090529/us_kilroy_realty_stock_offering.html?.v=3