Kennedy-Wilson (KW) Announces 7.5 Million Share Offering
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Kennedy-Wilson Holdings, Inc. (NYSE: KW) announced that it plans to sell 7,500,000 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 an additional 1,125,000 shares. BofA Merrill Lynch and Deutsche Bank Securities will act as joint book-running managers.
The Company expects to use the net proceeds from the offering to repay all borrowings under its revolving credit facility and for working capital and general corporate purposes, including future acquisitions and co-investments.
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The Company expects to use the net proceeds from the offering to repay all borrowings under its revolving credit facility and for working capital and general corporate purposes, including future acquisitions and co-investments.
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