Kennedy-Wilson to pay down revolver debt with senior notes proceeds

By Sara Rosenberg

New York, March 28 - Kennedy-Wilson Inc. plans on repaying all outstanding borrowings under its unsecured revolving credit facility using proceeds from a $200 million senior notes offering, according to a news release.

Remaining proceeds will be used to repay certain unsecured loans and mortgage loans and for general corporate purposes, including future acquisitions and co-investments.

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

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