Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 333

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 333
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 acquisitions made within our new commingled fund in the United States, capital calls on European developments, capital calls on the Kona Village hotel while we are working towards stabilization and a merger relating to our investment in Zonda.

71

Financing

Our net cash related to financing activities are generally impacted by capital-raising activities net of dividends and distributions paid to common and preferred shareholders and noncontrolling interests as well as financing activities for consolidated real estate investments.  Net cash used in financing activities totaled $413.2 million for the nine months ended September 30, 2025.  During the nine months ended September 30, 2025, we drew $170.0 million on our revolving line of credit and repaid $178.7 million on the line of credit.  We made $314.8 million of repayments on mortgage debt relating to the recapitalization of multifamily property discussed above and sale of two non-core office buildings in Ireland.  During the nine months ended September 30, 2025, we paid common dividends of $51.5 million and preferred dividends of $32.6 million and we repurchased $9.2 million of our common stock under our share repurchase plan.  

    Net cash used in financing activities totaled $237.8 million for the nine months ended September 30, 2024. We drew $100.0 million on our revolving line of credit and repaid $75.0 million on the line of credit. Kennedy Wilson received proceeds of $111.2 million from mortgage loans to refinance consolidated property loans. These proceeds were offset by the repayment of $230.3 million of mortgage debt primarily related to proceeds from the sale of a 90 East building and a retail center in Madrid, Spain as well the repayment of loans that were refinanced as discussed above. During the nine months ended September 30, 2024, we paid common dividends of $83.7 million and preferred dividends of $32.6 million and we repurchased $15.0 million of our common stock under our share repurchase plan.

Contractual Obligations and Commercial Commitments

    At September 30, 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:(