Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 259

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 259
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.8 million of mortgage debt primarily related to proceeds from the 90 East building sale. During the three months ended March 31, 2024, we paid common dividends of $34.1 million and preferred dividends of $10.9 million and we repurchased $9.1 million of our common stock under our share repurchase plan.

Contractual Obligations and Commercial Commitments

    At March 31, 2025, Kennedy Wilson's contractual cash obligations, including debt, operating leases and ground leases, included the following:

Payments Due by Period(9)(Dollars in millions)TotalLess than 1 year1-3 years4-5 yearsAfter 5 yearsContractual Obligations(6)Borrowings:(1) (4)Mortgage Debt(2) (4)$2,635.7 $96.8 $1,251.0 $513.0 $774.9 Senior notes(3) (4)1,800.0 — — 1,200.0 600.0 Credit Facility(4)272.7 — 272.7 — — KWE Unsecured bonds(4) (5)324.5 324.5 — — Total borrowings5,032.9 421.3 1,523.7 1,713.0 1,374.9 Operating leases11.6 1.0 3.3 3.3 4.0 Ground leases(8)27.4 0.2 0.4 0.4 26.4 Total contractual cash obligations(7)$5,071.9 $422.5 $1,527.4 $1,716.7 $1,405.3 

(1)   Figures do not include scheduled interest payments. Assuming each debt obligation is held until maturity, we estimate that we will make the following interest payments: Less than 1 year - $103.2 million; 1-3 years - $275.2 million; 4-5 years - $89.5 million; After 5 years - $35.8 million. The interest payments on variable rate debt have been calculated using the interest rate in effect at March 31, 2025. 

(2)   Excludes $1.3 million of net unamortized debt discount on mortgage debt