Banking syndicate expands to include Bank of America, Deutsche Bank
and J.P. Morgan Chase
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jul. 17, 2014--
Global real estate investment and services firm
Kennedy Wilson
(NYSE: KW) today announced that its wholly-owned
subsidiary Kennedy-Wilson, Inc. increased its unsecured corporate line
of credit facility from $140 million to $300 million. The facility is
led by U.S. Bank National Association and also includes East-West Bank
and The Governor and Company of the Bank of Ireland. The increase was
driven by the admission of Bank of America, N.A., Deutsche Bank AG New
York Branch and J.P. Morgan Chase Bank, N.A. to the existing lender
syndicate and an increased commitment from The Governor and Company of
the Bank of Ireland.
William McMorrow, chairman and CEO of
Kennedy Wilson, remarked, “We are
thankful to our banking partners for their ongoing support of our
business. We believe that this increase is a reflection of the growth
and performance of the company over the past four and a half years.”
Kennedy Wilson
entered the public market in 2009 with a $30 million line
of credit facility led by U.S. Bank.
About Kennedy Wilson
Founded in 1977,
Kennedy Wilson
is a vertically integrated global 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, on its own or with partners, invests opportunistically in a
variety of real estate related investments, including commercial,
multifamily, loan purchases and originations, residential, and
hotels. Kennedy Wilson offers a comprehensive array of real estate
services including investment management, property services, auction,
conventional sales, brokerage and research. For further information on
Kennedy Wilson
, please visit www.kennedywilson.com.
Source:
Kennedy Wilson
Kennedy Wilson
Christina Cha
VP of Corporate Communication
(310)
887-6294
[email protected]
www.kennedywilson.com