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Kennedy-Wilson Holdings, 7.75% Senior Notes due 12/1/2042
Ticker Symbol: KWN* CUSIP: 489399303 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/01/2017
Security has been Called for: Friday, December 1, 2017
10|03|2017 -- Kennedy-Wilson, Inc., a wholly owned subsidiary of global real estate investment company Kennedy-Wilson Holdings, Inc. (NYSE: KW), today announced its election to redeem all $55 million in aggregate principal amount of its 7.75% Senior Notes due 2042 at a redemption price equal to 100% of the principal amount. The redemption date will be December 1, 2017, and accrued interest on the Senior Notes through the redemption date will be paid, on the redemption date, to holders of record of the Senior Notes as of the close of business on the immediately preceding November 15, 2017. Holders of the Senior Notes will receive a redemption notice through the Depository Trust Company. The name and address of the paying agent for the Senior Notes is Wilmington Trust, National Association, 50 South Sixth Street, Suite 1290, Minneapolis, MN 55402, Attention: Corporate Capital Markets—Kennedy-Wilson Administrator.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Kennedy-Wilson Holdings, Inc., 7.75% Senior Notes due 12/1/2042, issued in $25 denominations, redeemable at the issuer's option on or after 12/1/2017 at $25 per note plus accrued and unpaid interest, and maturing 12/1/2042. Interest distributions of 7.75% per annum ($1.9375 per annum or $0.484375 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be 2/15, 5/15, 8/15 & 11/15 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (KW)
IPO - 12/7/2012 - 2.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $50.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 151 S El Camino Drive Beverly Hills, CA 90212 |
| Main Phone Number |
310-887-6400 |
| Fax Number |
310-887-3410 |
| Corporate Communications
Christina Cha
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310-887-6294
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Toll Free Phone Number |
Unknown |
| CEO - William J. McMorrow |
CFO - Justin Enbody |
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