secwatch / observer
8-K filed December 6, 2023, 6:59 PM ET ticker KW CIK 0001408100
other material confidence high sentiment neutral materiality 0.60

Fairfax standstill cap raised to 27.5% of KW voting power; open market purchases allowed

Kennedy-Wilson Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kennedy-Wilson Holdings, Inc. amended 6.00% Series C Cumulative Perpetual Preferred Stock and Warrant Purchase Agreement with affiliates of Fairfax Financial Holdings Limited (collectively with such affiliates, Fairfax) (effective 2023-12-06).

Action
amendment
Agreement
equity purchase
Counterparty
affiliates of Fairfax Financial Holdings Limited (collectively with such affiliates, Fairfax)
Effective
2023-12-06
Exact text from the filing
On December 6, 2023, Kennedy-Wilson Holdings, Inc. (the “Company”) and certain affiliates of Fairfax Financial Holdings Limited (collectively with such affiliates, “Fairfax”) entered into an amendment to that certain 4.75% Series B Cumulative Perpetual Preferred Stock and Warrant Purchase Agreement (the “Series B SPA”), dated February 23, 2022, by and among the Company and certain Fairfax affiliates, and an amendment to that certain 6.00% Series C Cumulative Perpetual Preferred Stock and Warrant Purchase Agreement (the “Series C SPA”, together with the Series B SPA, the “SPAs”), dated June 4, 2023, by and among the Company and certain Fairfax affiliates, to update the standstill provisions in each of the SPAs.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kennedy-Wilson Holdings, Inc. amended 4.75% Series B Cumulative Perpetual Preferred Stock and Warrant Purchase Agreement with affiliates of Fairfax Financial Holdings Limited (collectively with such affiliates, Fairfax) (effective 2023-12-06).

Action
amendment
Agreement
equity purchase
Counterparty
affiliates of Fairfax Financial Holdings Limited (collectively with such affiliates, Fairfax)
Effective
2023-12-06
Exact text from the filing
On December 6, 2023, Kennedy-Wilson Holdings, Inc. (the “Company”) and certain affiliates of Fairfax Financial Holdings Limited (collectively with such affiliates, “Fairfax”) entered into an amendment to that certain 4.75% Series B Cumulative Perpetual Preferred Stock and Warrant Purchase Agreement (the “Series B SPA”), dated February 23, 2022, by and among the Company and certain Fairfax affiliates, and an amendment to that certain 6.00% Series C Cumulative Perpetual Preferred Stock and Warrant Purchase Agreement (the “Series C SPA”, together with the Series B SPA, the “SPAs”), dated June 4, 2023, by and among the Company and certain Fairfax affiliates, to update the standstill provisions in each of the SPAs.
View on SEC.gov

300 material agreements filed in the last 30 days. Browse all material agreements →

Kennedy-Wilson Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001408100-23-000148
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