Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kennedy Wilson Europe Real Estate Ltd. > News item |
Kennedy-Wilson delays redemption of 3.95% bonds due 2022 to Oct. 11
By Marisa Wong
Los Angeles, Sept. 8 – Kennedy-Wilson Holdings, Inc. wholly owned subsidiary Kennedy-Wilson Europe Real Estate Ltd. issued an amendment to the early redemption of its sterling-denominated 3.95% senior bonds due 2022 (ISIN: XS1117292554), according to a notice.
The company will now redeem the bonds in full on Oct. 11 instead of Sept. 10.
The make-whole redemption price will be announced on Oct. 7, rescheduled from Sept. 8.
As of Aug. 10, there was £219.81 million principal amount 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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.