Brief: Kennedy Wilson Acquires First Tranche Of $5.7 Billion Loan Portfolio From Pacific Western Bank

Kennedy-Wilson Holdings

09/06/2023 11:05

June 9 (Reuters) - Kennedy-Wilson Holdings Inc  KW.N :
    * KENNEDY WILSON ACQUIRES FIRST TRANCHE OF $5.7 BILLION LOAN
PORTFOLIO FROM PACIFIC WESTERN BANK
    * KENNEDY-WILSON HOLDINGS INC - FIRST TRANCHE OF LOANS WAS
ACQUIRED FOR $1.6 BILLION
    * KENNEDY-WILSON - ADDITIONAL 12 LOANS TOTALING $800 MILLION
IN
COMMITMENTS EXPECTED TO CLOSE ON ROLLING BASIS BY NO LATER THAN
END OF JULY
    * KENNEDY-WILSON - OFF-MARKET TRANSACTION WILL ADD OVER $2
BILLION
TO CO'S FEE-BEARING CAPITAL

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