XML 49 R60.htm IDEA: XBRL DOCUMENT v2.3.0.15
Secured and Unsecured Debt of the Operating Partnership (Details 1) (USD $)
In Thousands, unless otherwise specified
9 Months Ended12 Months Ended3 Months Ended9 Months Ended
Sep. 30, 2011
Dec. 31, 2010
Sep. 30, 2011
Kilroy Realty, L.P. [Member]
Dec. 31, 2010
Kilroy Realty, L.P. [Member]
Sep. 30, 2011
Kilroy Realty, L.P. [Member]
Exchangeable Notes [Member]
Sep. 30, 2010
Kilroy Realty, L.P. [Member]
Exchangeable Notes [Member]
Sep. 30, 2011
Kilroy Realty, L.P. [Member]
Exchangeable Notes [Member]
Sep. 30, 2010
Kilroy Realty, L.P. [Member]
Exchangeable Notes [Member]
Interest Expense for the Exchangeable Notes        
Contractual interest payments    $ 3,035$ 3,035$ 9,106$ 11,530
Amortization of discount    1,7421,8185,1516,497
Interest expense attributable to the Exchangeable Notes    4,7774,85314,25718,027
Terms of the Credit Facility        
Credit Facility0159,0000[1]159,000    
Remaining borrowing capacity  500,000341,000    
Total borrowing capacity  $ 500,000[2]$ 500,000[2]    
Interest rate   [3]2.99%[3]    
Facility fee - annual rate  0.35%[4]0.575%[4]    
Maturity date  August 2015[5]August 2013[5]    
[1]As of September 30, 2011, there were no borrowings outstanding on the Credit Facility.
[2]We may elect to borrow, subject to lender approval, up to an additional $200 million under an accordion feature under the terms of the Credit Facility.
[3]The Credit Facility interest rate was calculated based on an annual rate of LIBOR plus 1.750% and 2.675% as of September 30, 2011 and December 31, 2010, respectively. No interest rate is shown as of September 30, 2011 because no borrowings were outstanding.
[4]The facility fee is paid on a quarterly basis and is calculated based on the total borrowing capacity. In addition to the facility fee, we also incurred debt origination and legal costs of approximately $5.0 million when we entered into the Credit Facility in 2010 and an additional $3.3 million when we amended the Credit Facility in 2011. The unamortized balance of these costs will be amortized as additional interest expense over the extended term of the Credit Facility.
[5]Under the original and amended terms of the Credit Facility, we may exercise an option to extend the maturity date by one year.