Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 123

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 123
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Average interest rate9.32 %8.49 %7.93 %7.92 %8.05 %— %8.49 %— Total$275.9 $102.3 $70.8 $17.2 $0.7 $6.1 $473.0 $467.7 Weighted average interest rate(1)3.02 %8.17 %6.85 %17.20 %8.05 %6.49 %4.91 %Interest rate sensitive liabilitiesVariable rate borrowings$28.2 $335.2 $237.4 $106.9 $— $167.4 $875.1 $866.2 Average interest rate6.16 %6.51 %6.72 %6.45 %— %6.04 %4.46 %— Fixed rate borrowings370.5 226.6 102.0 324.2 1,507.9 1,415.6 3,946.8 3,608.1 Average interest rate3.43 %4.02 %3.86 %4.63 %4.67 %4.44 %4.41 %— Total$398.7 $561.8 $339.4 $431.1 $1,507.9 $1,583.0 $4,821.9 $4,474.3 Weighted average interest rate3.62 %5.51 %5.86 %5.08 %4.67 %4.61 %4.78 %

(1) Interest rate sensitive assets' weighted average interest rates are exclusive of non-performing receivables.

Currency Risk - Foreign Currencies

A significant portion of our business is located outside the United States. As such, we have foreign currency fluctuation risk with respect to those investments and business units. In certain instances, we utilize foreign currency hedging derivatives to mitigate the impact of this risk on our equity.

The financial statements of Kennedy Wilson's subsidiaries located outside the United States are measured using the local currency, as this is their functional currency. The assets and liabilities of these subsidiaries are translated at the rates of exchange at the balance sheet date and income and expenses