Kennedy-Wilson to repay $60 million under revolver with note proceeds

By Tali Rackner

Norfolk, Va., Aug. 9 – Kennedy-Wilson, Inc. plans to repay $60 million of the outstanding balance under its unsecured revolving credit facility with a portion of the proceeds from a $200 million 5 7/8% senior note offering, according to a press release.

Proceeds from the eight-year notes will also be used for general corporate purposes, which may include future acquisitions, co-investments, capital expenditures and the repayment of other outstanding debt.

Kennedy-Wilson is a vertically integrated real estate investment and services company with its headquarters in Beverly Hills, Calif.

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