Kennedy-Wilson Holdings, Inc. (KW): debt financing — Kennedy-Wilson issues $1.8B in senior notes at 7.000% and 7.250% for refinancing ahead of going-private merger

Kennedy-Wilson Holdings, Inc.

$1.1B of 7.000% notes due 2031 and $700M of 7.250% notes due 2033 issued May 29, 2026.
Proceeds to redeem existing 4.750% notes due 2029/2030 and offer to purchase 5.000% notes due 2031.
Notes held in escrow; special mandatory redemption at 100% if merger not closed by Nov 16, 2026.
Fairfax committed to fund any shortfall for the special mandatory redemption.
Issuer may redeem 2031 notes at 103.5% in 2028 stepping down; 2033 notes at 103.625% in 2029.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

Kennedy-Wilson Holdings, Inc. incurred senior notes of $1,800,000,000 with Qualified institutional buyers and non-U.S. persons at 7.000% per annum on the 2031 Notes and 7.250% per annum on the 2033 Notes maturing June 1, 2031 for the 2031 Notes and June 1, 2033 for the 2033 Notes.

Instrument: senior notes
Principal: $1,800,000,000
Counterparty: Qualified institutional buyers and non-U.S. persons
Rate: 7.000% per annum on the 2031 Notes and 7.250% per annum on the 2033 Notes
Maturity: June 1, 2031 for the 2031 Notes and June 1, 2033 for the 2033 Notes
Event: incurrence

Exact text from the filing

On May 29, 2026, Kennedy-Wilson, Inc. (the “ Issuer ”), a wholly-owned subsidiary of global real estate investment company Kennedy-Wilson Holdings, Inc. (the “ Company ”), completed the issuance and sale of $1.8 billion in aggregate principal amount of senior notes, consisting of $1.1 billion aggregate principal amount of 7.000% senior notes due 2031 (the “ 2031 Notes ”) and $700 million aggregate principal amount of 7.250% senior notes due 2033 (the “ 2033 Notes ” and, together with the 2031 Notes, the “ Notes ”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “ Securities Act ”).

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Kennedy-Wilson Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-248565

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