Kilroy Realty Corp. said that Kilroy Realty, L.P. has priced the underwritten public offering of $300 million aggregate principal amount of 3.8% senior unsecured notes due 2023. The offering is expected to close on January 14, 2013, subject to customary closing conditions.

The net proceeds of around $297.2 million will be used for general corporate purposes, which may include the acquisition of properties (including office properties and undeveloped land), funding development and redevelopment and the repayment of outstanding debt.