Kennedy Wilson Announces Offering of Common Stock
Kennedy Wilson Announces Offering of Common Stock
BEVERLY HILLS, Calif.--(BUSINESS WIRE)-- International real estate investment and services firm, Kennedy-Wilson Holdings, Inc. (NYS: 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.
Kennedy Wilson
Christina Cha
VP of Corporate Communication
310-887-6294
ccha@kennedywilson.com
KEYWORDS: United States North America California
INDUSTRY KEYWORDS:
The article Kennedy Wilson Announces Offering of Common Stock originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
