Kennedy-Wilson to pay down revolver, term loan via add-on proceeds

By Sarah Lizee

Olympia, Wash., Feb. 28 – Kennedy-Wilson Holdings, Inc. wholly owned subsidiary Kennedy-Wilson, Inc. intends to repay the entire amount drawn under its revolving credit facility and a portion of the amount outstanding under its term loan facility using proceeds from a new notes offering, according to a press release.

The company on Wednesday that it intends to offer a $250 million add-on to its 5.875% senior notes due 2024.

Kennedy-Wilson Holdings is a Beverly Hills, Calif.-based real estate investment firm.

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