Company: KW
Filing Date: 2025-11-07
Form Type: 424B3
Source: 0001408100-25-000180
Chunk: 120

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 424B3
Chunk 120
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 We received $22.9 million in investing distributions from our co-investments primarily from excess proceeds from refinancing mortgage loans on unconsolidated investments, conversion of VHH assets and redemption of a hedge fund investment. Loan draws and our share of new loans issued as part of our Construction Loan and bridge credit platform totaled $31.3 million. We received $26.4 million of proceeds from repayments on loans previously issued. We spent $110.8 million on capital expenditures related to consolidated assets primarily relating to development properties as well as value add additions to our operating properties. We also contributed $86.9 million to unconsolidated investments that were primarily used to fund our share of new 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.

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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 refin