Kennedy-Wilson, Inc. $250 Million High-Yield Notes Reopening

Davis Polk advised the representative of the several initial purchasers in a Rule 144A/Regulation S add-on offering of $250 million aggregate principal amount of Kennedy-Wilson, Inc.’s 5.875% senior notes due 2024. 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 subsidiaries.

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

The Davis Polk capital markets team included partner John G. Crowley and associates Martin Oberst and Matthew M. Funk. Partner Michael Farber provided tax advice. Counsel Betty Moy Huber and associate Yuko Masunaga provided environmental advice. Associate Stephen J. Holler provided real estate advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.