New Issue: Kennedy-Wilson sells $250 million more 5 7/8% notes due 2024 at 98.625

By Paul A. Harris

Portland, Ore., Feb. 28 – Kennedy-Wilson, Inc., a wholly owned subsidiary of global real estate investment company Kennedy-Wilson Holdings, Inc., announced in a Wednesday press release that it priced a $250 million add-on to its 5 7/8% senior notes due 2024 at 98.625.

The Beverly Hills, Calif., real estate investment company plans to use the proceeds to repay the entire amount currently drawn under its revolving credit facility and a portion of the amount outstanding under its term loan facility.

Issuer:	Kennedy-Wilson, Inc.
Amount:	$250 million
Maturity:	2024
Security description:	Add-on to 5 7/8% senior notes due 2024
Coupon:	5 7/8%
Price:	98.625
Settlement date:	March 2

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