Kennedy-Wilson announces $1.8B senior notes offering to refinance debt ahead of going-private merger

Kennedy-Wilson Holdings, Inc.

Offering of $1.8B aggregate principal of senior notes due 2031 and 2033 via Rule 144A/Reg S.
Proceeds to redeem existing 4.750% notes due 2029/2030, offer to purchase 5.000% notes due 2031, and repay credit facility.
Notes escrowed until merger close; special mandatory redemption at 100% if merger not consummated by Nov 16, 2026.
Fairfax has committed to fund any shortfall between escrow funds and special mandatory redemption price.
Merger is with consortium led by CEO William McMorrow and Fairfax; notes will be guaranteed upon close.

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