Kennedy-Wilson announces early redemption price on 3.95% bonds due 2022

By Mary-Katherine Stinson

Lexington, Ky., Oct. 7 – Kennedy-Wilson Holdings, Inc.’s wholly owned subsidiary Kennedy-Wilson Europe Real Estate Ltd. announced today it will redeem its 3.95% sterling-dominated bonds due 2022 (ISIN: XS1117292554) at a make-whole redemption price of £1,024.96 plus £11.15 in accrued interest per £1,000 bond, according to an 8-K notice filed with the Securities and Exchange Commission.

As previously reported, the bonds will now be redeemed in full on Oct. 11 which was delayed from the original date of Sept. 10.

As of Thursday’s announcement, there are £219.81 million principal amount of the notes outstanding.

The redemption will be funded with proceeds from an offering of new notes due 2030 by Kennedy-Wilson Holdings and cash on hand.

Kennedy-Wilson Holdings is a subsidiary of Kennedy-Wilson Inc., a Beverly Hills, Calif.-based real estate company.

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