International real estate investment and services firm, Kennedy-Wilson
Holdings, Inc. (NYSE:KW) (“Kennedy Wilson” or the “Company”) today
announced the pricing of its underwritten public offering of 8,000,000
shares of its common stock at a public offering price of $21.45 per
share. The offering is expected to close on January 10, 2014, subject to
customary closing conditions. Kennedy Wilson has also granted the
underwriter of the offering a 30-day option to purchase up to 1,200,000
additional shares of common stock.
Deutsche Bank Securities is acting 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. Copies of the preliminary prospectus supplement (or,
when available, the final prospectus supplement) and accompanying
prospectus may be obtained by contacting Deutsche Bank Securities Inc.,
Attention: Prospectus Group, 60 Wall Street, New York, New York 10005,
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 securities 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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