Kennedy Wilson Announces Upsizing and Pricing of 5.875% Senior Notes Due 2024

  Kennedy Wilson Announces Upsizing and Pricing of 5.875% Senior Notes Due
  2024

Business Wire

BEVERLY HILLS, Calif. -- March 19, 2014

Kennedy-Wilson, Inc. (“Kennedy Wilson”), a wholly owned subsidiary of global
real estate investment and services company Kennedy-Wilson Holdings, Inc.
(NYSE: KW), today announced that it priced its previously announced offering
of 5.875% senior notes due 2024 (the “Notes”). Kennedy Wilson increased the
size of the offering to $300.0 million in aggregate principal amount of Notes.
The Notes will be Kennedy Wilson’s senior unsecured obligations and will be
guaranteed by Kennedy-Wilson Holdings, Inc. and certain subsidiaries of
Kennedy Wilson. Interest on the Notes will be payable semiannually on April 1
and October 1 of each year, beginning on October 1, 2014. Closing of the
offering is expected to occur on March 25, 2014, subject to customary closing
conditions.

Kennedy Wilson intends to use the net proceeds from the offering to repay in
full outstanding borrowings under its unsecured revolving credit facility and
for general corporate purposes, including future acquisitions and
co-investments.

The offering is being made pursuant to an effective shelf registration
statement filed with the U.S. Securities and Exchange Commission (“SEC”). A
preliminary prospectus supplement and accompanying prospectus describing the
terms of the offering have been filed with the SEC and are available on its
website atwww.sec.gov.

In connection with the offering, BofA Merrill Lynch and Deutsche Bank
Securities are acting as joint book-running managers and US Bancorp is acting
as co-manager. Copies of the preliminary prospectus supplement and, when
available, the final prospectus supplement, together with the accompanying
prospectus, may be obtained from BofA Merrill Lynch, 222 Broadway, New York,
NY 10038, at Attention: Prospectus Department oremail:
dg.prospectus_requests@baml.com or from Deutsche Bank Securities, Attn.:
Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or email:
prospectus.CPDG@db.com, Tel: (800) 503-4611.

This communication shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or other jurisdiction in which the offer, solicitation or sale would be
unlawful prior to registration or qualification under the security laws of
that state or other jurisdiction. The offering may be made only by means of a
prospectus supplement and related prospectus.

About Kennedy Wilson

Founded in 1977, Kennedy Wilson is a vertically integrated global real estate
investment and services company headquartered in Beverly Hills, CA, with 24
offices in the U.S., U.K., Ireland, Spain and Japan.The company, on its own
or with partners, invests opportunistically in a variety of real estate
related investments, including commercial, multifamily, loan purchases and
originations, residential, and hotels.Kennedy Wilson offers a comprehensive
array of real estate services including investment management, property
services, auction, conventional sales, brokerage and research.

Contact:

Kennedy Wilson
Christina Cha
VP of Corporate Communication
310-887-6294
ccha@kennedywilson.com
 
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