Company: KW
Filing Date: 2025-08-08
Form Type: 424B3
Source: 0001408100-25-000150
Chunk: 47

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-08
Form: 424B3
Chunk 47
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         102.4 |     | $ |              98.3 |
| Senior notes(1):        |                       |   |               |     |   |                   |
| 2029 Notes              |                       |   |         601.2 |     |   |             601.3 |
| 2030 Notes              |                       |   |         600.0 |     |   |             600.0 |
| 2031 Notes              |                       |   |         601.3 |     |   |             601.4 |
| KW unsecured debt       |                       |   |       1,904.9 |     |   |           1,901.0 |
| Unamortized loan fees   |                       |   |         -20.5 |     |   |             -23.1 |
| Total KW Unsecured Debt |                       | $ |       1,884.4 |     | $ |           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 and is amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt premium as of June 30, 2025 and December 31, 2024 was $2.5 million and $2.7 million, respectively.

Borrowings Under Credit Facilities

On September 12, 2024, the Kennedy-Wilson, Inc., a wholly-owned subsidiary of the Company (the "Borrower"), the Company and certain of the Company's subsidiaries entered into that certain Third Amended and Restated Credit Agreement (the "Credit Agreement", and the $550 million revolving line of credit thereunder, the "Third A&R Facility") with Bank of America, N.A., as administrative agent, and the lenders and letter of credit issuers party thereto. Loans under the Third A&R Facility bear interest at a rate equal to Daily SOFR or Term SOFR plus an applicable rate between 1.75% and 2.75%, depending on the consolidated leverage ratio as of the applicable measurement date. The Third A&R Facility has a maturity date of September 12, 2027 and has two six-month extension options.

The Third A&R Facility has certain covenants as set forth in the Credit Agreement that, among other things