LONDON – Kennedy Wilson Europe Limited, a property investment company, has announced the partial redemption of its Euro-denominated 3.250% notes due in 2025. The redemption took place on Wednesday, involving a total nominal amount of €175 million.
This move is in line with the terms laid out in the Final Terms of the notes, and the redemption was executed at the Make Whole Redemption Amount previously communicated to note holders on December 16, 2024. Each note was redeemed at €1,004.30 per Calculation Amount, totaling €175,751,843.97, along with accrued interest up to but excluding the redemption date, amounting to an additional €560,958.90.
Following this transaction, €300 million in aggregate nominal amount of the notes remains outstanding. As per the conditions, the redeemed notes will be cancelled and are not eligible for re-issuance or resale.
The redemption aligns with the company’s financial management strategies, as it navigates the capital market environment. Investors and stakeholders have been informed of this development, with the understanding that such financial maneuvers are part of the company’s ongoing efforts to optimize its capital structure and manage liabilities.
The information contained in this announcement was deemed to potentially qualify as inside information under the Market Abuse Regulation (EU) 596/2014, as it is part of domestic law by virtue of the European Union (Withdrawal) Act 2018. This announcement is based on a press release statement from Kennedy Wilson Europe Real Estate Limited.
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