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SELECTED TRANSACTION DETAILS
Bank of America Agents $500MM Credit Facility for Kennedy Wilson
Monday, March 30, 2020

Lenders/Participants Bank of America [Administrative Agent]
Bank of America Securities [Joint Lead Arranger, Joint Bookrunner]
JPMorgan Chase Bank [Joint Lead Arranger, Joint Bookrunner]
U.S. Bank [Joint Lead Arranger]
Structure Unsecured Revolver
Amount $500.000 Million
Borrower(s) Kennedy Wilson
Description Company extended its existing $500MM unsecured corporate revolving credit facility with a global group of nine banks. The credit facility has a maturity date of March 25, 2024, which may be extended two times, in six-month increments. The facility currently has no outstanding balance. Loans under the extended credit facility bear interest at a rate equal to LIBOR plus a spread of 1.75% to 2.50%, compared to a spread of 1.75% to 2.75% previously. The aggregate amount of the line of credit may be increased, not to exceed $1 billion.
Industry Real Estate
Related Tags Bank of America, Bank of America Securities, JPMorgan Chase Bank, U.S. Bank




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