Kennedy Wilson to Offer $250M of Senior Notes
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 intends to offer, subject to market
conditions and other factors, $250 million in aggregate principal amount of
senior notes due 2024 (the “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.
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
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 has been filed with the SEC and is available on its
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:
email@example.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 news release 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.
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.
VP of Corporate Communication
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