Davis Polk advised the representatives of the several underwriters and joint book-running managers for an SEC-registered reopening of $250 million aggregate principal amount of 5.875% senior notes due 2024 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.

Founded in 1977, Kennedy-Wilson is a global real estate investment company headquartered in Beverly Hills, California, with 25 offices in the United States, United Kingdom, Ireland, Spain and Japan. The company operates through two core business units: KW Investments and KW Investment Management and Real Estate Services (KW IMRES). KW Investments invests Kennedy-Wilson’s capital in real estate-related assets and loans secured by real estate either on its own or through its investment management platform. KW IMRES provides real estate-related services to Kennedy-Wilson and its investment partners, third party owners and lenders, with a strong focus on financial institution-based clients. Included in KW IMRES is Kennedy-Wilson’s management of Kennedy Wilson Europe Real Estate plc, a London Stock Exchange-listed company.

The Davis Polk capital markets team included partner John G. Crowley and associates Meghan Maloney and Zuo (Zoey) Yi. Partner Michael Farber and associate Dao Fu provided tax advice. Counsel Betty Moy Huber and associate Yuko Masunaga provided environmental advice. All members of the Davis Polk team are based in the New York office.

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