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Kennedy-Wilson draws $25 million on revolving facility since Dec. 31
By Susanna Moon
Chicago, March 24 – Kennedy-Wilson Holdings, Inc. drew $25 million on its unsecured revolving credit facility since Dec. 31, according to an 8-K filing with the Securities and Exchange Commission.
As of March 23, the company had $150 million of outstanding debt under its unsecured revolving credit facility, as well as $300,000 of accrued interest.
The company said it is considering various strategic options for its investments in Japan, including asset and entity-level sales, equity recapitalizations, refinancing the company’s current property-level debt or entering into joint ventures with existing or new equity partners.
Kennedy-Wilson is a Beverly Hills, Calif.-based real estate investment and services company.
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