Kennedy Wilson Announces Offering of Common Stock
BEVERLY HILLS, Calif. -- September 9, 2013
International real estate investment and services firm, Kennedy-Wilson
Holdings, Inc. (NYSE: KW) (“Kennedy Wilson” or the “Company”) today announced
that it plans to sell 6,000,000 shares of its common stock in an underwritten
public offering. The Company also plans to grant the underwriter a 30-day
option to purchase up to 900,000 additional shares.
Deutsche Bank Securities will act as the sole underwriter for the offering.
The Company expects to use the net proceeds from the offering for general
corporate purposes, including future acquisitions and co-investments, and to
repay the $50.0 million outstanding balance under its unsecured revolving
credit facility. Copies of the preliminary prospectus supplement and
accompanying prospectus may be obtained by contacting Deutsche Bank Securities
Inc., 60 Wall Street, New York, New York 10005, Attention: Prospectus Group,
telephone (800) 503-4611 or email at email@example.com.
The offering is being made pursuant to an effective shelf registration
statement filed with the Securities and Exchange Commission.
This news release does not constitute an offer to sell or the solicitation of
an offer to buy, nor will there be any sale of these securities, in any state
or other jurisdiction in which the offer, solicitation or sale would be
unlawful before registration or qualification under the security laws of that
state or jurisdiction. The offering may be made only by means of a prospectus
supplement and accompanying prospectus.
About Kennedy Wilson
Founded in 1977, Kennedy Wilson is an international real estate investment and
services company headquartered in Beverly Hills, CA with 24 offices in the
United States, the United Kingdom, Ireland, Spain and Japan. The Company
offers a comprehensive array of real estate services, including auction,
conventional sales, property services, research and investment management.
Through its fund management and separate account businesses, Kennedy Wilson is
a strategic investor of real estate investments in the United States, the
United Kingdom, Ireland and Japan.
VP of Corporate Communication
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