Company: KBSR
Filing Date: 2025-01-29
Form Type: 8-K
Source: 0001482430-25-000003
Chunk: 1

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-01-29
Form: 8-K
Item: Item 1.01
Chunk 1
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 the maturity date under the loan documents.

Pursuant to the January Extension Agreement, the Portfolio Loan Borrowers agreed to pay the Portfolio Loan Agent certain costs and expenses incurred by the Portfolio Loan Agent in connection with the January Extension Agreement. KBS REIT III continues to work with the Portfolio Loan Agent to reach a longer-term extension of the Amended and Restated Portfolio Loan Facility, though there can be no assurance as to the certainty or timing of a longer-term extension.

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(1) On February 6, 2024, July 15, 2024, October 11, 2024 and November 22, 2024, KBS REIT III, through the Portfolio Loan Borrowers, entered into the fourth, fifth, sixth and seventh loan modification and extension agreements, respectively, with the Portfolio Loan Agent and the Portfolio Loan Lenders. See KBS REIT III’s Current Reports on Form 8-K filed with the Securities and Exchange Commission on February 12, 2024, July 18, 2024, October 18, 2024 and November 26, 2024 for a description of the material terms of these agreements.

ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT