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Kennedy-Wilson to repay $189.3 million of revolving credit line
By Marisa Wong
Los Angeles, Aug. 9 – Kennedy-Wilson Inc. plans to repay about $189.3 million of the balance under its revolving line of credit using proceeds from an offering of notes due 2030, according to a news release.
The company will also use proceeds from the new notes, along with cash on hand, to redeem all of wholly owned subsidiary Kennedy-Wilson Holdings, Inc.’s outstanding 3.95% senior bonds due 2022.
The real estate company is based in Beverly Hills, Calif.
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