Highest-materiality recent filing
Kennedy-Wilson completes take-private merger with Fairfax at $10.90/share
Merger consideration of $10.90 per share in cash paid to common stockholders (excluding rollover shares).
Kennedy-Wilson stockholders approve merger; closing expected June 16, 2026
Merger proposal passed with 148,957,598 votes for, 535,978 against, 58,600 abstentions.
$1.1B of 7.000% notes due 2031 and $700M of 7.250% notes due 2033 issued May 29, 2026.
Tender offer for all $600M of 5.000% Senior Notes due 2031 at 101% of principal plus accrued interest; expires June 15, 2026.
Kennedy-Wilson prices $1.8B notes (7%/7.25%) for refinancing ahead of merger
Offering: $1.1B of 7.000% senior notes due 2031; $700M of 7.250% senior notes due 2033.
Kennedy-Wilson announces $1.8B senior notes offering to refinance debt ahead of going-private merger
Offering of $1.8B aggregate principal of senior notes due 2031 and 2033 via Rule 144A/Reg S.
Kennedy-Wilson amends merger voting to require 2/3 supermajority excluding certain large holders
Amendment requires 2/3 vote of all voting stock (common + preferred on as-converted) to adopt merger, excluding shares owned by CEO McMorrow, Windisch, Lee, and Fairfax affiliates.
Kennedy-Wilson launches exchange offers for up to $1.8B senior notes tied to going-private merger
Exchange offers for all outstanding 4.750% notes due 2029, 4.750% due 2030, and 5.000% due 2031 (each $600M principal).
Kennedy-Wilson to be acquired by Fairfax-backed entity for $10.90 per share in cash
Merger consideration: $10.90 per share in cash for common stock; preferred stock and warrants treated separately.
Kennedy-Wilson completes first closing of Toll Brothers apartment platform acquisition for $202.8M
Total deal value ~$379.6M; first closing invested $202.8M (KW share $102.5M).
Kennedy-Wilson receives $10.25/share take-private proposal from CEO McMorrow and Fairfax
Consortium led by CEO William McMorrow and Fairfax, owning ~31% of shares, offers $10.25 cash for remaining shares.
Kennedy-Wilson to acquire Toll Brothers Apartment Living platform for $347M
Acquisition price $347M; KW expects to invest ~$90M in acquired interests.
KWE reports H1 2025 loss of £15.7M, revenue down 20% YoY to £49.9M
Revenue fell to £49.9M from £62.0M YoY, driven by rental decline and zero hotel revenue.
KW generates ~$250M cash in Q2 asset recycling, beating $200M target
Completed asset sales/recapitalizations generated ~$250M cash, exceeding the quarterly $200M target.
Kennedy-Wilson completes hotel recap; receives $125M, reduces ownership to 35%
Received $125M cash from hotel JV recap; ownership reduced from 50% to 35%.
KWE FY2024 net loss narrows to £61.8m, revenue falls 32% to £113.0m
Revenue £113.0m, down from £165.6m YoY, driven by sale of The Shelbourne Hotel and other assets.
Refinanced $537M mortgage due 2025 with new $510M 5-year secured loan at ~4.2% floating rate (3mo Euribor+1.95%).
Kennedy-Wilson redeems €175M notes, originates $1.1B in loans, sells assets for $65M cash
Redeemed €175M of 3.25% notes due Nov 2025 at 100.4% price; €300M notes remain outstanding.
Kennedy-Wilson expands unsecured revolver to $550M, matures 2027 with extension options
Facility increased from $500M to $550M; three-year term to Sept 2027 plus two six-month extension options.
KWE H1 2024 net loss of £29.7M; revenue down 23.5% to £62.0M
Revenue fell to £62.0M from £81.1M YoY, driven by lower rental income and hotel revenue.
Kennedy-Wilson completes $335M asset sales, generating $238M cash and $120M gain
Total sales price ~$335M for Dublin hotel, Issaquah office building (177k sq ft), and UK retail asset.
Kennedy-Wilson expands debt platform with Fairfax; targets $550-750M asset sales, $15-20M cost cuts
Fairfax increased first mortgage commitment by $2B to $10B; total debt platform commitments now $11B.
Fairfax standstill cap raised to 27.5% of KW voting power; open market purchases allowed
Amendments to Series B and C preferred stock purchase agreements executed on Dec 6, 2023.
Kennedy-Wilson reports Q3 net loss of $23.9M; revenue $139.9M
GAAP net loss of $23.9M ($0.17 diluted EPS); adjusted net loss of $5.4M ($0.04 diluted EPS).
Kennedy-Wilson Europe Real Estate reports H1 2023 net loss of £28.4M, revenue up to £81.1M
Revenue £81.1M vs £71.1M YoY; hotel revenue doubled to £21.1M.
each member of the Company’s board of directors resigned from and ceased serving on the board of directors of the Company
the directors of Merger Sub immediately prior to the Effective Time, including William J. McMorrow, In Ku Lee, Matthew Windisch and Wade Burton, became the initial directors of the Surviving Company
each member of the Company’s board of directors resigned from and ceased serving on the board of directors of the Company
each member of the Company’s board of directors resigned from and ceased serving on the board of directors of the Company
the directors of Merger Sub immediately prior to the Effective Time, including William J. McMorrow, In Ku Lee, Matthew Windisch and Wade Burton, became the initial directors of the Surviving Company
the directors of Merger Sub immediately prior to the Effective Time, including William J. McMorrow, In Ku Lee, Matthew Windisch and Wade Burton, became the initial directors of the Surviving Company
the directors of Merger Sub immediately prior to the Effective Time, including William J. McMorrow, In Ku Lee, Matthew Windisch and Wade Burton, became the initial directors of the Surviving Company
each member of the Company’s board of directors resigned from and ceased serving on the board of directors of the Company
each member of the Company’s board of directors resigned from and ceased serving on the board of directors of the Company
each member of the Company’s board of directors resigned from and ceased serving on the board of directors of the Company
each member of the Company’s board of directors resigned from and ceased serving on the board of directors of the Company
each member of the Company’s board of directors resigned from and ceased serving on the board of directors of the Company
Max materiality 1.00 · Median 0.57 · Most common event other_material