Kennedy-Wilson, Inc. completed a private offering of $1.8 billion in senior notes. The issuance includes $1.1 billion of 7.000% notes due in 2031. A second tranche consists of $700 million in 7.250% notes due in 2033.
Proceeds will finance a pending go-private transaction led by a management consortium and Fairfax Financial Holdings. If the merger concludes, the company will use the funds to refinance existing notes and repay credit facility debt.
The capital is currently held in escrow. Kennedy-Wilson must redeem the notes if the merger does not close by November 16, 2026.