Kennedy-Wilson $1 billion notes offering
Davis Polk advised the underwriters for an SEC-registered offering of $500 million aggregate principal amount of 4.750% senior notes due 2029 and $500 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.
Kennedy Wilson (NYSE:KW) 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 U.S., U.K., 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. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.