International real estate investment and services firm, Kennedy-Wilson
Holdings, Inc. (NYSE: KW) (“Kennedy Wilson” or the “Company”) today
announced that it plans to sell 6,000,000 shares of its common stock in
an underwritten public offering. The Company also plans to grant the
underwriter a 30-day option to purchase up to 900,000 additional shares.
Deutsche Bank Securities will act as the sole underwriter for the
offering.
The Company expects to use the net proceeds from the offering for
general corporate purposes, including future acquisitions and
co-investments, and to repay the $50.0 million outstanding balance under
its unsecured revolving credit facility. Copies of the preliminary
prospectus supplement and accompanying prospectus may be obtained by
contacting Deutsche Bank Securities Inc., 60 Wall Street, New York, New
York 10005, Attention: Prospectus Group, telephone (800) 503-4611 or
email at prospectus.cpdg@db.com.
The offering is being made pursuant to an effective shelf registration
statement filed with the Securities and Exchange Commission.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy, nor will there be any sale of these
securities, in any state or other jurisdiction in which the offer,
solicitation or sale would be unlawful before registration or
qualification under the security laws of that state or jurisdiction. The
offering may be made only by means of a prospectus supplement and
accompanying prospectus.
About Kennedy Wilson
Founded in 1977, Kennedy Wilson is an international real estate
investment and services company headquartered in Beverly Hills, CA with
24 offices in the United States, the United Kingdom, Ireland, Spain and
Japan. The Company offers a comprehensive array of real estate services,
including auction, conventional sales, property services, research and
investment management. Through its fund management and separate account
businesses, Kennedy Wilson is a strategic investor of real estate
investments in the United States, the United Kingdom, Ireland and Japan.
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