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Kennedy-Wilson unit closes $250M additional senior notes offering

A Kennedy-Wilson Holdings Inc. wholly owned unit wrapped up its offering of an additional $250.0 million of its 5.875% senior notes due April 1, 2024, generating roughly $246.5 million in net proceeds.

The proceeds will be used to repay the entire outstanding amount under its unsecured revolving line of credit and to settle a portion of the outstanding amount under its term loan facility.