We advised the underwriters on the high-yield debt offering

Davis Polk advised the representative of the several underwriters for an SEC-registered offering of $100 million aggregate principal amount of 4.750% senior notes due 2029 and $100 million aggregate principal amount of 5.000% senior notes due 2031 by Kennedy-Wilson, Inc. The notes are guaranteed on a senior unsecured basis by Kennedy-Wilson Holdings, Inc., the parent company of Kennedy-Wilson, Inc., and certain of Kennedy-Wilson, Inc.’s domestic subsidiaries. The notes will be issued as additional notes under the indenture pursuant to which Kennedy Wilson previously issued notes on February 11, 2021.

Kennedy-Wilson is a leading global real estate investment company. It owns, operates and invests in real estate through its balance sheet and through its investment management platform. Kennedy-Wilson focuses on multifamily and office properties located in the Western United States, United Kingdom and Ireland.

The Davis Polk capital markets team included partner John G. Crowley and associate Yoojin Nairn-Kim. Partner Michael Farber and associate Tyler Scheiner  provided tax advice. Members of the Davis Polk team are based in the New York and London offices.

 

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