Kennedy-Wilson Holdings Inc Stock Price, News & Analysis

Kennedy Wilson (NYSE: KW) plans to release its first quarter 2021 financial results on May 5, 2021, after market closure. A conference call to discuss these results will occur on May 6, 2021, at 7:00 a.m. PT. U.S. callers can join at (844) 340-4761 and international callers at +1 (412) 717-9616. A replay will be available for a week at (877) 344-7529 for U.S. callers and +1 (412) 317-0088 internationally, using passcode 10154188. The webcast can be accessed online and will be available for three months.

Kennedy Wilson (NYSE: KW) has surpassed $1 billion in loans through its debt investment platform, focusing on high-quality real estate primarily in the Western U.S. This achievement follows the launch of a new $2 billion debt platform in 2020. The current debt portfolio includes 16 loans backed by multifamily and office properties in California, Washington, and Colorado. With $93 million of committed capital in loans, Kennedy Wilson aims to capitalize on opportunities in the market while continuing its successful history of real estate-related debt investments, totaling approximately $7 billion since 2010.

Kennedy Wilson has announced the redemption of all outstanding 5.875% Senior Notes due 2024 at a price of 100.979% of their principal amount. The redemption date is set for April 1, 2021, with accrued interest to be paid to holders of record as of March 15, 2021. As of March 2, 2021, $573,134,000 of Senior Notes remain outstanding. Holders will receive a notice via the Depository Trust Company, with Wilmington Trust serving as the paying agent.

Kennedy Wilson is a global leader in real estate investment, focusing on multifamily and office properties.

Kennedy Wilson announced the pricing of its offering of $100 million in senior notes: 4.75% due 2029 and 5.00% due 2031. The total offering size was increased from $150 million. The notes will be fungible with previously issued notes, totaling $1 billion. The net proceeds are expected to be around $201.9 million, aimed at redeeming $573.1 million of existing 5.875% senior notes due 2024, and reducing revolving credit. Closing is anticipated on March 15, 2021. The offering follows SEC regulations and involves multiple financial institutions as managers.

Kennedy Wilson, a global real estate investment firm (NYSE:KW), has initiated a $150 million offering of senior notes, including 2029 and 2031 notes. These notes will supplement the previously issued $500 million in 4.75% and 5.00% senior notes. Proceeds will primarily be used to redeem $573.1 million of 5.875% senior notes due 2024. The offering is under an effective SEC registration statement, with multiple financial institutions managing the issuance. Kennedy Wilson focuses on multifamily and office properties in the U.S., U.K., and Ireland.

Kennedy-Wilson Holdings (NYSE: KW) reported its 2020 results, showing Q4 net income of $170 million and adjusted EBITDA of $346.9 million. Total assets stand at $7.3 billion, with a cash balance of $965 million. Key highlights include $789 million in asset dispositions generating $286 million in gains and $476 million in cash, alongside a 30% increase in fee-bearing capital to $3.9 billion. The company successfully refined its debt position by issuing $1 billion in bonds at an improved interest rate, aiming to enhance financial stability in the long term.

Kennedy Wilson (NYSE: KW) announced a quarterly dividend of $0.22 per share for common shareholders, with a record date of March 31, 2021 and a payment date of April 8, 2021. This dividend represents an annual yield of $0.88 per common share, reflecting the company's ongoing commitment to providing income to its shareholders. Kennedy Wilson is a prominent global real estate investment firm focusing on multifamily and office properties primarily in the Western U.S., U.K., and Ireland.

Kennedy Wilson (NYSE: KW) announced the results of its cash tender offer for up to $1 billion of its 5.875% Senior Notes due 2024. As of February 9, 2021, $576,465,000 of the notes were validly tendered. Holders of validly tendered notes will receive a Total Consideration of $1,015.00 per $1,000 principal amount, including a $30 Early Tender Premium. The Tender Offer expires on February 24, 2021, with subsequent tenders eligible for a lower consideration. The company reserves the right to increase the Maximum Tender Amount at its discretion.

Kennedy-Wilson announced the pricing of $1 billion in aggregate principal amount of senior notes: $500 million at 4.750% due 2029 and $500 million at 5.000% due 2031. The notes will be senior, unsecured obligations and guaranteed by Kennedy-Wilson Holdings. The estimated net proceeds of approximately $987 million will be used to repurchase up to $1 billion of outstanding 5.875% Senior Notes due 2024. The offering will close on February 11, 2021, with interest payments starting on September 1, 2021.