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Kennedy Wilson Extends Unsecured Revolving Credit Facility

Posted on by Vaseline
Kennedy Wilson Extends Unsecured Revolving Credit Facility

Global real estate investment company Kennedy Wilson (NYSE:KW) today announced the expansion of its $500 million unencumbered revolving credit facility to $550 million in partnership with a group of 10 banks. The new credit facility has a three-year term and two six-month extension options.

Borrowings under the new credit facility bear an interest rate equal to SOFR plus a margin of 1.75% to 2.75%.

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