Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 250

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 250
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 years, respectively, as of June 30, 2025.  Mortgage Loan Maturities    The aggregate maturities of mortgage loans as of June 30, 2025 including amortization and the effects of any extension options. In certain cases, extension options will only be granted after meeting certain lender loan covenants.(Dollars in millions)Aggregate Maturities2025 (remainder)(1)$93.1 2026418.3 2027355.6 2028345.4 2029204.3 Thereafter981.7 2,398.4 Unamortized debt discount(1.3)Unamortized loan fees(11.9)Total Mortgage Debt$2,385.2 (1) The Company is actively negotiating loan extensions and refinances with lenders on these loans.

      As of June 30, 2025, the Company was in compliance with all financial mortgage debt covenants.  On August 6, 2025, a $60.0 million property-level, non-recourse loan, secured by a wholly-owned office building in Northern California, matured.  The Company is in discussions with lender regarding a loan modification and/or extension.  

23

Kennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements(Unaudited)

NOTE 9—KW UNSECURED DEBT

    The following table details KW unsecured debt as of June 30, 2025 and December 31, 2024:(Dollars in millions)June 30, 2025December 31, 2024Credit facility$102.4 $98.3 Senior notes(1):2029 Notes601.2 601.3 2030 Notes600.0 600.0 2031 Notes601.3 601.4 KW unsecured debt1,904.9 1,901.0 Unamortized loan fees(20.5)(23.1)Total KW Unsecured Debt$1,884.4 $1,877.9 (1) The senior notes balances include unamortized debt premiums.  Debt premiums represent the difference between the fair value of debt and the principal value of debt issued and is amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method.  The unamortized debt premium as of June