BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Mar. 12, 2013--
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 9,000,000 shares of its common stock in
an underwritten public offering. The Company also plans to grant the
underwriters a 30-day option to purchase up to 1,350,000 additional
shares. BofA Merrill Lynch, Deutsche Bank Securities and Morgan Stanley
will act as joint book-running managers of 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 $35.0 million outstanding balance under
its unsecured revolving credit facility. Copies of the preliminary
prospectus supplement and accompanying prospectus may be obtained by
contacting: BofA Merrill Lynch, 222 Broadway, New York, New York 10038,
Attention: Prospectus Department or email at [email protected];
Deutsche Bank Securities, 60 Wall Street, New York, New York 10005,
Attention: Prospectus Department, telephone (800) 503-4611 or email at [email protected];
or Morgan Stanley, 180 Varick Street, 2nd Floor, New York, New York
10014, Attention: Prospectus Department, telephone (866) 718-1649 or
email at [email protected].
The offering is being made pursuant to an effective shelf registration
statement filed with the U.S. Securities and Exchange Commission.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities, in any state or other jurisdiction in which the offer,
solicitation or sale would be unlawful prior to registration or
qualification under the security laws of such 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 U.S., U.K., 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
U.S., U.K., Ireland and Japan.
Source: Kennedy-Wilson
Kennedy Wilson
Christina Cha
VP of Corporate Communication
(310)
887-6294
[email protected]