Company: KW
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001408100-25-000117
Chunk: 41

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 41
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 2025 and 4.84% as of December 31, 2024. Including the impact of the interest rate hedging strategy deployed by the Company through the use of interest rate caps and swaps, the weighted average effective interest rate is 4.5% as of March 31, 2025 and December 31, 2024. Additionally, the Company has recorded fair value movements and interest expense savings as the value of the interest rate caps and swaps have increased with rising interest rates. See Interest Rate Caps and Swaps in Note 5 for more detail. As of March 31, 2025, 72% of Kennedy Wilson's property level debt was fixed rate, 27% was floating rate with interest caps and swaps and 1% was floating rate without interest caps and swaps, compared to 70% of Kennedy Wilson's consolidated property level debt was fixed rate, 27% was floating rate with interest caps and swaps and 2% was floating rate without interest caps and swaps, as of December 31, 2024. The weighted average strike price on caps and maturity of Kennedy Wilson's variable rate mortgage debt is 3.06% and approximately 1.0 year, respectively, as of March 31, 2025.

Mortgage Loan Maturities

The aggregate maturities of mortgage loans as of March 31, 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 Maturities |         |
|:--------------------------|:----|:---------------------|--------:|
| 2025 (remainder)(1)       |     | $                    |    96.8 |
| 2026                      |     |                      |   567.8 |
| 2027                      |     |                      |   346.1 |
| 2028                      |     |                      |   337.0 |
| 2029                      |     |                      |   309.8 |
| Thereafter                |     |                      |   978.0 |
|                           |     |                      | 2,635.5 |
| Unamortized debt discount |     |                      |    -1.3 |
| Unamortized loan fees     |     |                      |   -13.5 |
| Total Mortgage Debt       |     | $                    |