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Stock impact report

Kennedy Wilson Renews Unsecured Revolving Credit Facility

Kennedy-Wilson Holdings Inc. (KW) 
Last kennedy-wilson holdings inc. earnings: 2/26 04:35 pm Check Earnings Report
US:NYSE Investor Relations: ir.kennedywilson.com
Company Research Source: Business Wire
Credit facility has a three-year term and a one year extension option; facility expands to $550 million BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Global real estate investment company Kennedy Wilson (NYSE:KW) today announced the expansion of its $500 million unsecured revolving credit facility to $550 million in partnership with a group of 10 banks. The new credit facility has a three-year term and two six-month extension options.Loans under the new credit facility bear interest at a rate equal to SOFR plus a spread of 1.75% to 2.75%.“This credit facility provides us with an efficient and flexible source of funding that positions us to act quickly on opportunities that we believe will continue to emerge in the short term,” said Kennedy Wilson Chairman and CEO William McMorrow. “We appreciate the support of our bank group in this expanded credit facility that will enable us to build on the growth we have experienced in many areas of our business this year.”“We highly value the support Show less Read more
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