Kennedy-Wilson closes $200M private placement of Series C preferred and warrants

Kennedy-Wilson Holdings, Inc.

Gross proceeds $200M from 200,000 shares of 6.00% Series C Preferred Stock and 12,338,062 warrants to buy common stock.
Series C pays 6.00% cumulative cash dividends; liquidation preference $1,000 per share; ranks junior to Series A/B preferred, senior to common.
Warrants may be exercised with cash or by extinguishing Series C shares at $1,000 per share plus accrued dividends.
Transaction closed June 16, 2023 under Securities Purchase Agreement dated June 4, 2023.

item 3.03 item 1.01 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Kennedy-Wilson Holdings, Inc.: Filed Certificate of Designations establishing terms of 6.00% Series C Cumulative Perpetual Preferred Stock, including ranking, dividend, redemption, voting, and extinguishment rights (effective 2023-06-15).

Change: charter amendment
Effective: 2023-06-15

Exact text from the filing

The powers, designations, preferences and other rights of the shares of 6.00% Series C Cumulative Perpetual Preferred Stock (the "Series C Preferred Stock") are set forth in the Certificate of Designations establishing the Series C Preferred Stock (the “Certificate of Designations”) filed by the Company with the Secretary of State of the State of Delaware on June 15, 2023.

View on SEC.gov

96 governance changes filed in the last 30 days. Browse all governance changes →

Kennedy-Wilson Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001408100-23-000095

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.