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Kennedy-Wilson to redeem all 8¾% notes due 2019 via new offering
By Tali Rackner
Norfolk, Va., Nov. 12 – Kennedy-Wilson, Inc. plans to redeem all of its outstanding 8¾% senior notes due 2019 with the proceeds from a $350 million offering of 5 7/8% notes, according to a press release.
Proceeds will also be used 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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