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Prospect News home > News index > List of issuers K > Headlines for Kennedy-Wilson Holdings, Inc. > News item |
S&P assigns B+ to Kennedy-Wilson preferreds
S&P said it assigned a B+ rating to Kennedy-Wilson Holdings Inc.’s $300 million 5¾% series A cumulative perpetual convertible preferred stock.
Proceeds will be used to repay all outstanding borrowings under the company’s credit facility and for general corporate purposes.
The outlook is stable.
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