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Kennedy-Wilson Launches $600M Senior Notes Tender

Kennedy-Wilson launches cash tender offer for $600 million 5.000% Senior Notes due 2031, as part of acquisition plans.

Zoe Allen
ByZoe Allen- Senior Editor
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Kennedy-Wilson, Inc., a subsidiary of Kennedy-Wilson Holdings, has launched a cash tender offer for all its outstanding 5.000% Senior Notes due 2031, totaling $600 million. The offer is tied to a proposed acquisition of the company.

The purchase price is 101% of the principal amount, plus accrued interest. The tender expires on June 15, 2026.

Additionally, the company issued redemption notices for its 2029 and 2030 notes. These moves are part of a merger agreement with a consortium led by Chairman William McMorrow and Fairfax Financial Holdings.

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Kennedy-Wilson Launches $600M Senior Notes Tender | Bond.az