• Kennedy Wilson launched private offering of USD 1.8 billion senior notes, split between senior notes due 2031 and senior notes due 2033.
• Proceeds earmarked to redeem 4.75% senior notes due 2029 and 4.75% senior notes due 2030, tied to planned merger with consortium led by CEO William McMorrow that includes Fairfax Financial.
• Company also expects to fund offer to purchase 5% senior notes due 2031, with remaining proceeds targeted for unsecured credit facility paydown or general corporate purposes.
• If merger fails to close by Nov. 16, 2026, notes face special mandatory redemption at 100% of issue price with accrued interest, backed by Fairfax commitment to cover any escrow shortfall.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kennedy Wilson Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605120740BIZWIRE_USPR_____20260511_BW896616) on May 12, 2026, and is solely responsible for the information contained therein.