UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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ITEM 8.01. OTHER EVENTS.
On March 2, 2021, Kennedy-Wilson, Inc. (the “Issuer”), a wholly owned subsidiary of Kennedy-Wilson Holdings, Inc. (the “Company”), announced its election to redeem, on April 1, 2021, all of its outstanding 5.875% Senior Notes due 2024 (the “Notes”) at a redemption price equal to 100.979% of their principal amount. The Issuer also instructed the Trustee to provide notice of such redemption to the holders of the Notes in accordance with the terms of the indenture governing the Notes (as amended, the “Indenture”). In accordance with the Indenture, each holder of any Note as of the close of business on March 15, 2021 will also receive, on April 1, 2021, the full amount of unpaid interest that will have accrued on such Note to, but excluding, April 1, 2021. As of March 2, 2021, there was $573,134,000 aggregate principal amount of Senior Notes outstanding.
The Company expects the redemption to be completed on April 1, 2021.
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: March 2, 2021