Kennedy-Wilson Holdings Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
$KW
Real Estate
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________
FORM 8-K
_____________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
_____________
(Exact name of registrant as specified in its charter)
_____________
| (State or other jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices)(Zip Code)
(310 ) 887-6400
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
_____________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2.):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
Item 8.01. Other Events.
On November 7, 2024, Kennedy Wilson Europe Real Estate Limited (formerly known as Kennedy Wilson Europe Real Estate Plc) (the “Issuer”), a wholly owned subsidiary of Kennedy-Wilson Holdings, Inc. (the “Company” or “we”), announced its election to redeem, on December 18, 2024 (the “Optional Redemption Date”), €175,000,000 in aggregate nominal amount of its outstanding 3.25% euro-denominated Notes due 2025 (the “Notes”). The Issuer provided notice of such redemption to the holders of the Notes (the “Noteholders”) in accordance with the terms of the Terms and Conditions of the Notes (the “Conditions”). In accordance with the Conditions, the aggregate nominal amount of the Notes called for redemption will be redeemed at the Make Whole Redemption Price (as defined in the Conditions). The Company expects the Make Whole Redemption Price to be equal to approximately 100.2% of the principal amount redeemed plus accrued interest. The Make Whole Redemption Price will be calculated and notified to the Noteholders on December 16, 2024, such date being the second business day in London prior to the Optional Redemption Date, and shall be calculated in accordance with the Terms and Conditions. As of November 7, 2024, the outstanding aggregate nominal amount of the Notes is €475,000,000. Following the partial redemption of the Notes, €300,000,000 in aggregate nominal amount of the Notes will remain outstanding.
The Company expects the redemption to be completed on December 18, 2024.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | ||||
| 99.1 | |||||
| 104 | Cover Page Interactive Data File - The cover page interactive data file does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document. | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| KENNEDY-WILSON HOLDINGS, INC. | ||||||||
| By: | /s/ JUSTIN ENBODY | |||||||
| Justin Enbody | ||||||||
| Chief Financial Officer | ||||||||
Date: November 7, 2024