Kennedy-Wilson, Inc., a subsidiary of Kennedy Wilson Holdings, has completed a tender offer to repurchase its outstanding 5.000% Senior Notes due 2031, following the completion of a merger that triggered a mandatory buyback provision.

According to a press release, the offer expired on June 15, 2026, with $594,152,000 in aggregate principal amount of notes tendered, representing 99.03% of the $600,000,000 total outstanding. The company accepted all validly tendered notes and made payment on June 16, 2026, at a purchase price of $1,010.00 per $1,000 principal amount, or 101% of par, plus accrued and unpaid interest.

Following the purchase and cancellation of the tendered notes, $5,848,000 in aggregate principal amount remains outstanding and will continue to be governed by the existing indenture terms.

The offer was made under the Fundamental Change Offer provisions of the indenture governing the notes, triggered by the merger of Kennedy Wilson Holdings with Kona Merger Subsidiary, Inc. The merger was completed pursuant to an agreement dated February 16, 2026, and amended March 15, 2026, among the company, Kona Bidco, LLC, and a consortium led by William McMorrow, Chairman and Chief Executive Officer, along with other senior executives and Fairfax Financial Holdings Limited.

D.F. King & Co., Inc. served as tender and information agent for the offer.