Kennedy Wilson terminates bond exchange offers and consent solicitations

Kennedy Wilson Holdings Inc. (NYSE: KW) announced that its wholly-owned subsidiary Kennedy-Wilson Inc. terminated its exchange offers and consent solicitations for outstanding senior notes, effective immediately.

The terminated exchange offers involved swapping existing 4.750% Senior Notes due 2029, 4.750% Senior Notes due 2030, and 5.000% Senior Notes due 2031 for newly issued 6.125% Senior Notes due 2032 or 6.375% Senior Notes due 2034. The company also ended its solicitation of consents to adopt amendments to the indentures governing the existing notes.

As a result of the termination, no existing notes tendered in the exchange offers will be accepted, no new notes will be issued to holders who tendered existing notes, and the proposed amendments will not be adopted. All validly tendered notes will be returned to holders.

The termination does not affect the previously announced proposed acquisition of Kennedy Wilson by a consortium led by Chairman and CEO William McMorrow and other senior executives, together with Fairfax Financial Holdings Limited. The company expects this merger to close in the second quarter of 2026.

Kennedy Wilson is a real estate investment company with $36 billion of assets under management in the United States, UK and Ireland. D.F. King & Co. served as the exchange agent and information agent for the terminated offers.

You May Also Be Interested In

• ROMA Green Finance signs $15M letter of intent for 5% stake in NXTGrid
• FTI Consulting names Jerome Nyssen senior managing director in Australia
• GCT Semiconductor shifts strategic focus toward AI edge connectivity