Kennedy-Wilson expands unsecured revolver to $550M, matures 2027 with extension options

Kennedy-Wilson Holdings, Inc.

Facility increased from $500M to $550M; three-year term to Sept 2027 plus two six-month extension options.
Borrowings bear SOFR plus 1.75%-2.75% spread; current outstanding $175M.
Covenants include max leverage 65%, min fixed charge coverage 1.6x, liquidity $75M.
Bank group includes Bank of America, JPMorgan, M&T as joint lead arrangers.
CEO cites flexible funding to act on emerging opportunities in short term.

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