Ohad Bregman's questions to Kilroy Realty Corp (KRC) leadership • Q3 2024
Question
An analyst from Deutsche Bank asked about the strategy for refinancing upcoming debt maturities between 2024 and 2026, which have attractive interest rates, and the potential earnings drag from higher current rates.
Answer
EVP, CFO Jeffrey Kuehling and CEO Angela Aman stated that the company has $1.7 billion of liquidity and will use cash on hand to repay its 2024 bond maturity. For the 2025 maturity, which is not due until October 2025, they have significant flexibility and will be opportunistic about when they access capital markets, effectively pre-funding near-term needs.