Kennedy-Wilson Holdings Files 8-K

Ticker: KW · Form: 8-K · Filed: 2024-12-26T00:00:00.000Z

Sentiment: neutral

Topics: 8-K, other-events

TL;DR

KW filed an 8-K on 12/23, but the details are scarce.

AI Summary

On December 23, 2024, Kennedy-Wilson Holdings, Inc. filed an 8-K report to disclose other events. The filing does not contain specific details about the nature of these events, dollar amounts, or other parties involved.

Why It Matters

This 8-K filing indicates that Kennedy-Wilson Holdings, Inc. has reported an event requiring immediate disclosure to the SEC, though the specifics are not detailed in the provided text.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' and lacks specific financial or operational details that would typically indicate high risk.

Key Numbers

Key Players & Entities

FAQ

What specific event(s) are being reported under 'Other Events'?

The provided text of the 8-K filing does not specify the nature of the 'Other Events' being reported by Kennedy-Wilson Holdings, Inc.

When was the earliest event reported in this filing?

The earliest event reported in this filing occurred on December 23, 2024.

What is the principal executive office address for Kennedy-Wilson Holdings, Inc.?

The principal executive offices are located at 151 S El Camino Drive, Beverly Hills, California 90212.

What is the IRS Employer Identification Number for Kennedy-Wilson Holdings, Inc.?

The IRS Employer Identification Number for Kennedy-Wilson Holdings, Inc. is 26-0508760.

Was Kennedy-Wilson Holdings, Inc. previously known by another name?

Yes, the company was formerly known as Prospect Acquisition Corp, with a date of name change on July 27, 2007.

Filing Stats: 1,290 words · 5 min read · ~4 pages · Grade level 14.6 · Accepted 2024-12-26 06:16:10

Key Financial Figures

Filing Documents

01 Other Events

Item 8.01 Other Events. Update on Transactional Activity Partial Redemption of Kennedy Wilson Europe Notes On December 18, 2024, Kennedy Wilson Europe Real Estate Limited (formerly known as Kennedy Wilson Europe Real Estate Plc), a wholly-owned subsidiary of Kennedy-Wilson Holdings, Inc. (the "Company" or "we") completed the previously announced redemption of 175 million in aggregate nominal amount of its outstanding 3.25% euro-denominated Notes due November 2025 (the "Notes"). The Notes were redeemed at a price of 100.4% of the principal amount redeemed plus accrued interest. Including the redemption described above, the Company has redeemed a total of 250 million of Notes and after the above-described redemption, a total of 300 million in aggregate nominal amount of the Notes remain outstanding. Real Estate Debt Investments Subsequent to the quarter ended September 30, 2024, the Company originated 10 separate real estate construction loans totaling $1.1 billion of loan commitments (the Company's share of which is 2.5%) and in total, during 2024, the Company originated a total of 35 real estate construction loans totaling $3.2 billion of loan commitments (the Company's share of which is 2.5%). In addition (excluded from the figures in the preceding sentence), on December 23, 2024, the Company closed a $236 million construction loan commitment (with no current outstanding balance) with respect to a student housing development near Purdue University in West Lafayette, Indiana. Consistent with its other loans in its debt investment platform described above, the Company expects to syndicate its commitment to its partners during the first quarter of 2025 (prior to any funding of the loan) and maintain a 2.5% interest in such commitment. During the same period, the Company received a total of $473 million of loan repayments (the Company's share of which was $23 million). The Company and its partners also currently have a total of approximately $1.2 billion of c

Forward Looking Statements

Forward Looking Statements This Current Report contains forward-looking statements within the meaning of federal and state securities laws. All statements other than statements of historical fact contained in this Current Report including, but not limited to, statements regarding our future results of operations and financial position, including the achievement and timing of our financial outlook and free cash flow goals, our investment plans (including syndication plans) and anticipated returns on those investments, our business strategy, plans and objectives of management for future operations, and the impact of macroeconomic factors, including economic uncertainty, fluctuations in inflation and interest rates, and our response to such events, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "aims," "plans," "anticipates," "continues," "could," "intends," "goals," "target," "projects," "contemplates," "returning," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. Forward-looking statements are based on current expectations of future events. The Company cannot guarantee that any forward-looking statement will be accurate, although the Company believes that it has been reasonable in its expectations and assumptions. Investors should realize that if underlying assumptions prove inaccurate or that known or unknown risks or uncertainties materialize, actual results could vary materially from the Company's expectations and projections. Investors are therefore cautioned not to place undue reliance on any forward-looking statements. These forward-looking statements speak only as of the date of this Current Report on Form 8-K and, except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements contained herein, whether as a result

SIGNATURES

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: December 23, 2024

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