Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 115

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 115
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1,330.8 $1,710.4 $1,407.6 

(1)See Notes 8-10 of our Notes to Consolidated Financial Statements.  Figures do not include scheduled interest payments.  Assuming each debt obligation is held until maturity, we estimate that we will make the following interest payments: Less than 1 year - $136.7 million; 1-3 years - $277.5 million; 4-5 years - $91.1 million; After 5 years - $36.3 million.  The interest payments on variable rate debt have been calculated at the interest rate in effect as of December 31, 2024.

(2) Excludes $1.4 million net unamortized debt discount on mortgage debt.

(3) Excludes $2.7 million unamortized debt premium on senior notes.

(4) Excludes $37.8 million of unamortized loan fees.

(5) Excludes $0.5 million net unamortized discount on KWE unsecured bonds.

(6) Kennedy Wilson's share of contractual obligations, (excluding amounts that are attributable to noncontrolling interests), including debt, lines of credit, operating leases and ground leases, consisted of the following:  Less than 1 year - $411.7 million; 1-3 years - $1,329.8 million; 4-5 years - $1,678.1 million; After 5 years - $1,368.9 million.

(7) Table above excludes $284.7 million unfulfilled capital commitments to our unconsolidated investments and $123.4 million on loan investments.  

(8) Ground leases on consolidated assets.  Amounts are undiscounted and have leases that expire as far out as 2258.

(9) Principal debt payments include the effect of extension options.

Indebtedness and Related Covenants

The following describes certain indebtedness and related covenants. 

KWI Notes 

On February 11, 2021, Kennedy-Wilson, Inc., issued $500.0 million aggregate principal amount of 2029 Notes and $500.0 million aggregate principal amount of 2031 Notes (together with the 2029 Notes, the “initial notes”).  On March 15, 

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2021, Kennedy-Wilson, Inc. issued an additional $100 million aggregate principal of the