debt
confidence high
sentiment neutral
materiality 0.65
Kennedy-Wilson refinances $510M secured loan for five Dublin multifamily assets, extends maturity 5 years
Kennedy-Wilson Holdings, Inc.
- Refinanced $537M mortgage due 2025 with new $510M 5-year secured loan at ~4.2% floating rate (3mo Euribor+1.95%).
- Five properties are 99.5% occupied with annual NOI of $40.3M; company holds 50% JV interest.
- New loan replaces ~40% of total 2025 secured debt maturities; incremental interest expense ~$3M annually at company’s share.
- Financing closed on April 10, 2025.