KWE Unsecured Bonds (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of KW Unsecured Bonds

The following table details KW unsecured debt as of September 30, 2023 and December 31, 2022:

(Dollars in millions)	September 30, 2023		December 31, 2022
Credit facility	$	145.7	$	282.0
Senior notes(1):
2029 Notes	601.6		601.7
2030 Notes	600.0		600.0
2031 Notes	601.7		601.8
KW unsecured debt	1,949.0		2,085.5
Unamortized loan fees	(20.1)		(22.9)
Total KW Unsecured Debt	$	1,928.9	$	2,062.6

(1) The senior notes balances include unamortized debt premiums. Debt premiums represent the difference between the fair value of debt and the principal value of debt issued and is amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt premium as of September 30, 2023 and December 31, 2022 was $3.3 million and $3.5 million, respectively.

The following table details KWE unsecured bonds as of September 30, 2023 and December 31, 2022:

(Dollars in millions)	September 30, 2023		December 31, 2022
KWE Euro Medium Term Note Programme(1)	$	501.3	$	507.1
Unamortized loan fees	(0.5)		(0.7)
Total KWE Unsecured Bonds	$	500.8	$	506.4

(1) The KWE unsecured bonds balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt at issuance and the principal value of debt and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized discount as of September 30, 2023 and December 31, 2022 was $1.1 million and $1.5 million, respectively.