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