BEVERLY HILLS, Calif., July 16, 2026--(BUSINESS WIRE)--Kennedy-Wilson, Inc. (the "Issuer"), a wholly-owned subsidiary of global real estate investment company Kennedy-Wilson Holdings, Inc. (the "Company" or "Kennedy Wilson"), today announced that it has commenced a private offering (the "Offering") of $200 million aggregate principal amount of additional 7.250% senior notes due 2033 and/or additional 7.000% senior notes due 2031 (as applicable, the "Additional Notes") pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act").
On May 29, 2026, the Issuer issued an aggregate principal amount of $700 million of 7.250% senior notes due 2033 and $1.1 billion of 7.000% senior notes due 2031 (as applicable, the "Existing Notes"). The Additional Notes and the Existing Notes will be treated as the same series for all purposes under the indenture that governs the Existing Notes, and that will govern the Additional Notes. The Additional Notes will have the same terms, other than issue date and initial price, as the Existing Notes.
The Existing Notes are, and on the issue date of the Additional Notes, the Additional Notes will be, fully and unconditionally guaranteed on an unsecured basis by the Company and certain subsidiaries of the Issuer. The guarantees will rank equally in right of payment with all existing and future senior indebtedness of the guarantors and senior in right of payment to all existing and future subordinated indebtedness of the guarantors. There can be no assurance that the Offering will be completed.
The Issuer intends to use the net proceeds from the sale of the Additional Notes to repay a portion of the indebtedness outstanding under the unsecured revolving credit facility.
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities. The Additional Notes and the guarantees will be offered only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the Securities Act) and to certain persons outside the United States pursuant to Regulation S under the Securities Act. The Additional Notes have not been and will not be registered under the Securities Act or under any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act, and, accordingly, are subject to significant restrictions on transfer and resale.