UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


 
Date of Report (Date of earliest event reported)
September 1, 2014

KENNEDY-WILSON HOLDINGS, INC.
(Exact Name of Registrant as Specified in its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)

 
 
001-33824
26-0508760
(Commission File Number)
(IRS Employer Identification No.)
 
 
9701 Wilshire Blvd., Suite 700 Beverly Hills, California
90212
(Address of Principal Executive Offices)
(Zip Code)


(310) 887-6400
(Registrant’s Telephone Number, Including Area Code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


    



ITEM 7.01. REGULATION FD DISCLOSURE
On September 1, 2014, Kennedy Wilson Europe Real Estate plc (“KWE,” LSE: KWE), issued a release announcing that it has entered into a three year unsecured floating rate revolving debt facility of up to £225 million with a syndicate of banks comprising Bank of America Merrill Lynch, Deutsche Bank and J.P. Morgan. Kennedy-Wilson Holdings, Inc. (the “Company”) currently owns approximately 13.3% of the total issued share capital of KWE. A wholly-owned subsidiary of the Company incorporated in Jersey also serves as KWE’s external manager pursuant to an investment management agreement. A copy of the release is furnished herewith as Exhibit 99.1.
The information in this report (including Exhibits 99.1) is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS
 
 
 
(d) Exhibits.
 
99.1
Kennedy Wilson Europe Real Estate plc RNS release dated September 1, 2014.
 
 

    



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
Date: September 1, 2014

Kennedy-Wilson Holdings, Inc.


By:  /S/ JUSTIN ENBODY         
Justin Enbody
Chief Financial Officer


    



EXHIBIT INDEX
 
 
 
 
 
Exhibit Number
 
Description
99.1
 
 
Kennedy Wilson Europe Real Estate plc RNS release dated September 1, 2014.
 
 



 


    

KWE LOC Exhibit991
EXHIBIT 99.1

KENNEDY WILSON EUROPE REAL ESTATE PLC
KENNEDY WILSON EUROPE COMPLETES A £225 MILLION UNSECURED CORPORATE FINANCE FACILITY
1 September 2014. Kennedy Wilson Europe Real Estate Plc (“KWERE” or the “Company”), a London Stock Exchange listed company that invests in real estate and real estate loans in Europe (LSE: KWE), is pleased to announce that, together with certain of its wholly owned subsidiaries, it has entered into a three year unsecured floating rate revolving debt facility of up to £225 million (the “Debt Facility”) with a syndicate of banks comprising Bank of America Merrill Lynch as mandated lead arranger, as well as Deutsche Bank and J.P. Morgan.

The Company intends to use the funds available under the Debt Facility for its general corporate purposes, including, amongst other things, acquisitions of certain property and loan assets, meeting working capital requirements, and the payment of capital expenses.

The Debt Facility has a maturity date of 29 August 2017, with drawdown being available up until that date. The Company has not yet drawn down any funds under the Debt Facility.

Mary Ricks, President and CEO of Kennedy Wilson Europe, commented: “We have a strong investment pipeline and this new unsecured corporate finance facility, which is the Company’s first, marks a significant step forward and provides us with additional firepower to capitalise on new investment opportunities and finance further acquisitions quickly, giving us a competitive edge in an active real estate market. In addition, it further optimises the Company’s capital structure and funding model and assists us in achieving our ultimate goal of delivering attractive returns for our shareholders.”

For further information, please contact:

FTI Consulting – financial public relations
Dido Laurimore/ Richard Sunderland/ Nick Taylor:             +44 (0)203 727 1000
kennedywilson@fticonsulting.com






About Kennedy Wilson Europe Real Estate Plc
Kennedy Wilson Europe Real Estate Plc is an LSE listed closed ended investment fund that invests in real estate and real estate loans in Europe, initially in the UK, Ireland and Spain, and other European countries on an opportunistic basis. The Company's primary objectives are to generate and grow long-term cash flows to pay dividends and to enhance capital values by way of focused asset management and strategic acquisitions, with the intention of creating value for shareholders. The Company is externally managed by Kennedy Wilson, through a wholly-owned subsidiary acting as investment manager. The Company is regulated by the Jersey Financial Services Commission. For further information on Kennedy Wilson Europe Real Estate Plc, please visit www.kennedywilsoneuropeplc.com.
About Kennedy Wilson
Founded in 1977, Kennedy Wilson is a vertically integrated global real estate investment and services company headquartered in Beverly Hills, CA, with 25 offices in the U.S., U.K., Ireland, Spain, Japan and Jersey. The company, on its own or with partners, invests opportunistically in a variety of real estate related investments, including commercial, multifamily, loan purchases and originations, residential, and hotels. Kennedy Wilson offers a comprehensive array of real estate services including investment management, property services, auction, conventional sales, brokerage and research. For further information on Kennedy Wilson, please visit www.kennedywilson.com.