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Kennedy-Wilson to pay down revolver, term loan via add-on proceeds
By Sarah Lizee
Olympia, Wash., Feb. 28 – Kennedy-Wilson Holdings, Inc. wholly owned subsidiary Kennedy-Wilson, Inc. intends to repay the entire amount drawn under its revolving credit facility and a portion of the amount outstanding under its term loan facility using proceeds from a new notes offering, according to a press release.
The company on Wednesday that it intends to offer a $250 million add-on to its 5.875% senior notes due 2024.
Kennedy-Wilson Holdings is a Beverly Hills, Calif.-based real estate investment firm.
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