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Kennedy-Wilson to redeem 3.95% senior bonds due 2022 via new notes
By Marisa Wong
Los Angeles, Aug. 9 – Kennedy-Wilson Inc. wholly owned subsidiary Kennedy-Wilson Holdings, Inc. plans to redeem all of its outstanding 3.95% senior bonds due 2022 using proceeds from an offering of new notes due 2030 and cash on hand, according to a news release.
There is currently £219.8 million principal amount of the 2022 bonds outstanding.
The company will also use proceeds from the new notes to repay about $189.3 million of the balance under its revolving line of credit.
The real estate company is based in Beverly Hills, Calif.
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