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.
