Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 114

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 114
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 and preferred dividends of $43.5 million, and we repurchased $15.0 million of our common stock under our share repurchase plan.

Year Ended December 31, 2023

Net cash used in financing activities totaled $164.8 million for the year ended December 31, 2023. During the year ended December 31, 2023, the Company received proceeds of $197.4 million from the issuance of its Series C perpetual preferred stock and warrants to Fairfax. We drew $50.0 million on our revolving line of credit and repaid $185.0 million on our revolving line of credit during the year ended December 31, 2023. Kennedy Wilson received proceeds of $408.9 million from mortgage loans to finance and refinance consolidated property acquisitions. These proceeds were offset by the repayment of $446.4 million of mortgage debt. Additionally, we paid common dividends of $136.0 million and preferred dividends of $35.5 million, and we repurchased $20.9 million of our common stock under our share repurchase plan.

Contractual Obligations and Commercial Commitments

At December 31, 2024, Kennedy Wilson's consolidated contractual cash obligations, including debt, lines of credit, operating leases and ground leases included the following:

 Payments due by period(9)(Dollars in millions)TotalLess than1 year1 - 3 years4 - 5 yearsAfter 5 yearsContractual obligationsBorrowings:(1)(4)Mortgage debt(2)$2,613.1 $100.4 $1,230.1 $507.7 $774.9 Senior notes(3)1,800.0 — — 1,200.0 600.0 Credit facility98.3 — 98.3 — — KWE unsecured bonds(5)310.5 310.5 — — Total borrowings(4)4,821.9 410.9 1,328.4 1,707.7 1,374.9 Operating leases9.9 0.7 2.0 2.3 4.9 Ground leases(8)28.7 0.1 0.4 0.4 27.8 Total contractual cash obligations(6)(7)$4,860.5 $411.7 $