Company: KW
Filing Date: 2025-03-03
Form Type: 424B3
Source: 0001408100-25-000092
Chunk: 89

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-03-03
Form: 424B3
Chunk 89
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 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:

| (Dollars in millions)                    
 Contractual obligations                  
 Borrowings:(1)(4)                        |     | Payments due by period(9) 
 Total                     |         |     | Less than 
 1 year    |       |     | 1 - 3 years |         |     | 4 - 5 years |         |     | After 5 years |         |
|:-----------------------------------------|:----|:--------------------------|--------:|:----|:----------|------:|:----|:------------|--------:|:----|:------------|--------:|:----|:--------------|--------:|
| 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 facility                          |     |                           |    98.3 |     |           |     — |     |             |    98.3 |     |             |       — |     |               |