Company: KW
Filing Date: 2025-08-08
Form Type: 424B3
Source: 0001408100-25-000150
Chunk: 51

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-08
Form: 424B3
Chunk 51
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 maximum balance sheet leverage ratio was 1.24 to 1.00. See Note 15 for the guarantor and non-guarantor financial statements.

As of June 30, 2025, the Company was in compliance with all financial covenants.

#### NOTE 10—KWE UNSECURED BONDS
The following table details KWE unsecured bonds as of June 30, 2025 and December 31, 2024:

|                                        | (Dollars in millions) |   | June 30, 2025 |     |   | December 31, 2024 |
|:---------------------------------------|:----------------------|:--|--------------:|:----|:--|------------------:|
| KWE Euro Medium Term Note Programme(1) |                       | $ |         352.8 |     | $ |             310.0 |
| Unamortized loan fees                  |                       |   |          -0.1 |     |   |              -0.2 |
| Total KWE Unsecured Bonds              |                       | $ |         352.7 |     | $ |             309.8 |

(1) The KWE unsecured bonds balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt at issuance and the principal value of debt and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized discount as of June 30, 2025 and December 31, 2024 was $0.2 million and $0.5 million, respectively.

As of June 30, 2025, KWE has senior unsecured notes for an aggregate principal amount of approximately $353.0 million (based on June 30, 2025 rates) (€300 million) (the "KWE Notes"). The KWE Notes were issued at a discount and have a carrying value of $352.8 million, with an annual fixed coupon of 3.25% and mature in November 2025. As KWE invested proceeds from the KWE Notes to fund equity investments in euro denominated assets, KWE designated the KWE Notes as net

<div align='center'>25</div>

#### Kennedy-Wilson Holdings, Inc.

### Notes to Consolidated Financial Statements
<div align='center'>(Unaudited)</div>

investment hedges under ASC Topic