Kennedy-Wilson Holdings gets $75 million senior unsecured revolver

By Sara Rosenberg

New York, Aug. 5 - Kennedy-Wilson Holdings Inc. closed on Thursday on a $75 million senior unsecured revolving credit facility due Aug. 1, 2013, according to an 8-K filed with the Securities and Exchange Commission.

U.S. Bank acted as the lead arranger, bookrunner and agent on the deal.

The facility consists of a $65 million tranche A to finance the acquisition of commercial real property or pools of notes secured by commercial real property, and a $10 million tranche B to provide for working capital.

The tranche A is priced at Libor plus 300 basis points, and the tranche B is priced at Libor plus 250 bps.

Kennedy-Wilson is a Beverly Hills, Calif.-based real estate company.

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