KILROY REALTY CORPORATION ANNOUNCES TENDER OFFER BY KILROY REALTY, L.P. FOR ANY AND ALL OF
KILROY REALTY, L.P.’S OUTSTANDING 3.250% EXCHANGEABLE SENIOR NOTES DUE 2012
LOS ANGELES, May 17, 2010 – Kilroy Realty Corporation (NYSE:KRC) today announced the commencement of a cash tender
offer by its operating partnership, Kilroy Realty, L.P., for any and all of Kilroy Realty, L.P.’s outstanding 3.250% Exchangeable
Senior Notes due 2012 (the “Notes”). There is currently $298.0 million aggregate principal amount of the Notes outstanding. The
tender offer will expire on June 15, 2010 at 5:00 p.m., New York City time, unless extended (the “Expiration Time”). The terms and
conditions of the offer are set forth in an Offer to Purchase dated May 17, 2010 and related Letter of Transmittal, which together
constitute the offer.
Kilroy Realty, L.P. will pay 100% of the principal amount for Notes that are validly tendered and not validly withdrawn on
or prior to the Expiration Time and acquired pursuant to the offer. In addition, Kilroy Realty, L.P. will pay accrued and unpaid
interest up to, but not including, the date of payment for the Notes, which is expected to be three business days following the
Expiration Time, in respect of any Notes accepted for purchase in the offer.
Tyler H. Rose
May 17, 2010
Executive Vice President
and Chief Financial Officer
Vice President and Treasurer
The offer is subject to certain customary conditions, but is not conditioned on the tender of a minimum principal amount of
Notes. Kilroy Realty, L.P. may extend or otherwise amend the offer at any time.
This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell with
respect to any securities. The offer is only being made pursuant to the terms of the Offer to Purchase and the related Letter of