Kennedy-Wilson pricing $250 million 10-year senior notes Wednesday

By Paul A. Harris

Portland, Ore., March 19 - Kennedy-Wilson, Inc. is expected to price a $250 million public offering of 10-year senior notes Wednesday, according to a market source.

BofA Merrill Lynch and Deutsche Bank Securities Inc. are the joint bookrunners. U.S. Bancorp Investments Inc. is the co-manager.

The notes come with five years of call protection.

The Beverly Hills, Calif.-based real estate investment and services company plans to use the proceeds to repay its revolver in full and for general corporate purposes.

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