Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 257

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 257
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 of December 31, 2024. The weighted average strike price on caps and maturity of Kennedy Wilson's variable rate mortgage debt is 3.09% and approximately 0.7 years, respectively, as of September 30, 2025.  Mortgage Loan Maturities    The aggregate maturities of mortgage loans as of September 30, 2025 including amortization and the effects of any extension options. In certain cases, extension options will only be granted after meeting certain lender loan covenants.(Dollars in millions)Aggregate Maturities2025 (remainder)(1)$91.9 2026411.5 2027353.5 2028336.3 2029204.5 Thereafter986.7 2,384.4 Unamortized debt discount(1.2)Unamortized loan fees(11.0)Total Mortgage Debt$2,372.2 (1) The Company is actively negotiating loan extensions and refinances with lenders on these loans.

      As of September 30, 2025, the Company was in compliance with all financial mortgage debt covenants. On August 6, 2025, a $60.0 million property-level, non-recourse loan, secured by a wholly-owned office building in Northern California, matured.  The Company is in discussions with lender regarding a loan modification and/or extension.  

23

Kennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements(Unaudited)

NOTE 9—KW UNSECURED DEBT

    The following table details KW unsecured debt as of September 30, 2025 and December 31, 2024:(Dollars in millions)September 30, 2025December 31, 2024Credit facility$102.3 $98.3 Senior notes(1):2029 Notes601.1 601.3 2030 Notes600.0 600.0 2031 Notes601.2 601.4 KW unsecured debt1,904.6 1,901.0 Unamortized loan fees(18.3)(23.1)Total KW Unsecured Debt$1,886.3 $1,877.9 (1) The senior notes balances include unamortized debt premiums.  Debt premiums represent the difference between the fair value of debt and the principal value of debt issued