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.

© 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.