Kennedy-Wilson to redeem $573.1 million of 5 7/8% notes at 100.979

By Taylor Fox

New York, March 2 – Kennedy-Wilson, Inc., a wholly owned subsidiary of Kennedy-Wilson Holdings, Inc., plans to redeem its entire outstanding balance of $573,134,000 of 5 7/8% senior notes due 2024 at 100.979, according to a news release.

The notes will be redeemed April 1, and interest will be paid to holders of record as of March 15.

As previously reported, the redemption will be funded using proceeds from the company’s $150 million senior notes offering and cash on hand.

Wilmington Trust, NA is the paying agent.

The global real estate investment company is based in Beverly Hills, Calif.

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