Kennedy-Wilson (NYSE: KW) fully redeems €300,000,000 notes due 2025
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Kennedy-Wilson Holdings, Inc. reported that its wholly owned subsidiary, Kennedy Wilson Europe Real Estate Limited, has completed the previously announced full redemption of its 3.25% euro-denominated Notes due November 2025. The outstanding Notes were redeemed at the Optional Redemption Amount, equal to the principal amount of €300,000,000, plus accrued interest of €8,681,520 up to but excluding the redemption date.
The company funded the redemption using proceeds from its previously announced asset sale program, existing liquidity, and borrowings under its corporate revolving credit facility. Following this transaction, none of these Notes remain outstanding.
Positive
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Negative
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8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
FAQ
What debt did Kennedy-Wilson Holdings, Inc. (KW) redeem?
Kennedy Wilson Europe Real Estate Limited, a wholly owned subsidiary of Kennedy-Wilson Holdings, Inc., redeemed all of its outstanding 3.25% euro-denominated Notes due November 2025.
How much principal did Kennedy-Wilson (KW) repay in this note redemption?
The redemption covered the full principal amount of the Notes, totaling €300,000,000.
How much accrued interest was paid in addition to principal?
In addition to principal, Kennedy Wilson Europe Real Estate Limited paid accrued interest totaling €8,681,520 up to but excluding the Optional Redemption Date.
How did Kennedy-Wilson (KW) fund the redemption of the euro-denominated Notes?
The redemption was funded using proceeds from a previously announced asset sale program, existing liquidity, and funds from the corporate revolving credit facility.
Do any of the 3.25% euro-denominated Notes due November 2025 remain outstanding?
No. After completion of the redemption, no Notes of this series remain outstanding.
Which subsidiary of Kennedy-Wilson carried out the note redemption?
The redemption was completed by Kennedy Wilson Europe Real Estate Limited, formerly known as Kennedy Wilson Europe Real Estate Plc, which is wholly owned by Kennedy-Wilson Holdings, Inc.