{"success":true,"data":{"pressRelease":{"id":"36940","rtpr_id":"nBw8bHVRwa","ticker":"KW","exchange":"NYSE","all_tickers":["KW"],"title":"Kennedy Wilson Announces Launch of Tender Offer for Any and All of Its Outstanding 5.000% Senior Notes Due 2031 and Issuance of Notices of Redemption for its 4.750% Senior Notes Due 2029 and its 4.750% Senior Notes Due 2030","author":"Business Wire","published_at":"2026-05-15T20:25:00.132Z","article_body":"Kennedy Wilson Announces Launch of Tender Offer for Any and All of Its\nOutstanding 5.000% Senior Notes Due 2031 and Issuance of Notices of Redemption\nfor its 4.750% Senior Notes Due 2029 and its 4.750% Senior Notes Due 2030\n\nKennedy-Wilson, Inc. (the “Issuer”), a wholly-owned subsidiary of global\nreal estate investment company Kennedy-Wilson Holdings, Inc. (NYSE: KW) (the\n“Company” or “Kennedy Wilson”), today announced that it has commenced\nan offer to purchase for cash (the “Offer”) any and all of its outstanding\n5.000% Senior Notes due 2031 (the “Notes”), upon the terms and subject to\nthe conditions set forth in the Offer to Purchase, dated May 15, 2026, as it\nmay be amended or supplemented from time to time (the “Offer to\nPurchase”). The Offer is being made pursuant to the Fundamental Change Offer\nprovisions of the indenture governing the Notes (the “Indenture”) in\nconnection with the proposed acquisition of the Company pursuant to an\nAgreement and Plan of Merger (the “Merger Agreement”), dated as of\nFebruary 16, 2026, as amended on March 15, 2026, by and among the Company,\nKona Bidco, LLC and Kona Merger Subsidiary, Inc. (“Merger Sub”), an entity\naffiliated with a consortium led by William McMorrow, Chairman and Chief\nExecutive Officer of the Company, and certain other senior executives of the\nCompany, and including Fairfax Financial Holdings Limited (“Fairfax”)\n(collectively, the “Consortium”), pursuant to which, subject to the\nsatisfaction of customary closing conditions, Merger Sub would merge with and\ninto the Company, and the Company would continue as the surviving corporation\n(the “Merger”). The consummation of the Merger is expected to constitute a\nFundamental Change under the Indenture.\n\nThe terms of the Offer are set forth in the table below:\n Issuer                    Title of Security                 CUSIP No.      Aggregate Principal Amount Outstanding      Purchase Price (per $1,000 principal amount) ((1))      Accrued Interest                                                  \n Kennedy-Wilson, Inc.      5.000% Senior Notes due 2031      489399AM7      $600,000,000                                $1,010.00 (101.000% of principal amount)                Accrued and unpaid interest to, but excluding, the Purchase Date  \n\n (1)  Per $1,000 principal amount of Notes validly tendered and accepted for           \n      purchase. In addition to the Purchase Price, holders whose Notes are accepted    \n      for purchase will receive accrued and unpaid interest from the last interest     \n      payment date preceding the Purchase Date, as defined below, to, but excluding,   \n      the Purchase Date, subject to the right of holders of record on the relevant     \n      Regular Record Date, as defined in the Indenture, to receive interest due on     \n      the relevant Interest Payment Date, as defined in the Indenture.                 \n\n\nThe Offer is being made in connection with the Merger. The consummation of the\nMerger is expected to constitute a Fundamental Change under the Indenture.\nUnder the Indenture, upon the occurrence of a Fundamental Change, each holder\nhas the right to require that the Issuer purchase such holder’s Notes at a\npurchase price in cash equal to 101% of the principal amount thereof on the\ndate of purchase, plus accrued and unpaid interest, if any, to the date of\npurchase (subject to the right of holders of record on the relevant Regular\nRecord Date to receive interest due on the relevant Interest Payment Date).\nThe Offer is being made in advance of, and conditional upon, the consummation\nof the Merger and the occurrence of the Fundamental Change.\n\nExpiration, Withdrawal and Settlement\n\nThe Offer will expire at 5:00 p.m., New York City time, on or around June 15,\n2026, unless extended or earlier terminated (such time and date, as it may be\nextended, the “Expiration Time”). Holders must validly tender and not\nvalidly withdraw their Notes at or prior to the Expiration Time to be eligible\nto receive the Purchase Price and accrued and unpaid interest.\n\nTenders of Notes may be withdrawn at any time at or prior to 5:00 p.m., New\nYork City time, on June 15, 2026, unless otherwise required by applicable law\n(the “Withdrawal Deadline”). Following the Withdrawal Deadline, tenders\nmay not be withdrawn except as required by applicable law. Notes validly\nwithdrawn may be re-tendered at or prior to the Expiration Time. Payment for\nNotes validly tendered and not validly withdrawn and accepted for purchase is\nexpected to be made promptly after the Expiration Time on June 16, 2026 (the\n“Purchase Date”), in immediately available funds through the Tender and\nInformation Agent and The Depository Trust Company (“DTC”), subject to\nsatisfaction or waiver of the conditions to the Offer.\n\nNo Consent Solicitation\n\nThe Offer is not being made in connection with any consent solicitation, and\nKennedy Wilson is not seeking any amendment, waiver or modification of the\nIndenture governing the Notes in connection with the Offer. Notes not tendered\nand purchased in the Offer will remain outstanding and will continue to be\ngoverned by the existing terms of the Indenture.\n\nTender Procedures\n\nAll Notes are held in book-entry form through the facilities of DTC. To tender\nNotes, holders must instruct their broker, dealer, commercial bank, trust\ncompany or other nominee to tender their Notes through DTC’s Automated\nTender Offer Program (“ATOP”). Beneficial owners should contact their\nbroker, dealer, commercial bank, trust company or other nominee promptly, as\nsuch intermediaries may have earlier internal deadlines.\n\nThere are no guaranteed delivery procedures provided in conjunction with the\nOffer. Holders must tender their Notes in accordance with the procedures set\nforth in the Offer to Purchase at or prior to the Expiration Time in order to\nparticipate in the Offer.\n\nKennedy Wilson is offering to purchase any and all Notes validly tendered and\nnot validly withdrawn pursuant to the Offer. There is no cap and no proration\napplicable to the Offer.\n\nConditions to the Offer\n\nConsummation of the Offer is conditioned upon (i) the Merger being\nconsummated, or being consummated substantially concurrently with the Purchase\nDate, and (ii) the satisfaction or waiver of the general conditions described\nin the Offer to Purchase.\n\nIf the Merger Agreement is terminated or the Merger otherwise fails to be\nconsummated, no Fundamental Change will have occurred, and the Offer will be\nterminated without any Notes being purchased. In such event, tendered Notes\nwill be credited to the account maintained at DTC from which such Notes were\ndelivered, promptly following the date of such termination.\n\nKennedy Wilson has the right, subject to applicable law and the terms of the\nIndenture, to terminate, extend or amend the Offer as described in the Offer\nto Purchase.\n\nNo Recommendation\n\nNone of the Issuer, the Company, the Tender and Information Agent, the Trustee\nor any of their respective affiliates makes any recommendation in connection\nwith the Offer as to whether any holder should tender or refrain from\ntendering all or any portion of the principal amount of such holder’s Notes.\nHolders must make their own decision as to whether to participate in the Offer\nand, if so, the principal amount of Notes to tender.\n\nTender and Information Agent\n\nD.F. King & Co., Inc. has been appointed as tender and information agent\n(the “Tender and Information Agent”) for the Offer. Questions concerning\nthe terms of the Offer and tender procedures and requests for additional\ncopies of the Offer to Purchase should be directed to the Tender and\nInformation Agent by phone (toll-free) at (877) 297-1746 or (all other calls)\nat (212) 256-9073, or by email at kw@dfking.com (mailto:kw@dfking.com) .\n\nOffer Disclaimer\n\nThis press release is for informational purposes only and does not constitute\nan offer to purchase or a solicitation of an offer to sell the Notes. The\nOffer is being made only pursuant to the Offer to Purchase and the related\nmaterials. The complete terms and conditions of the Offer are described in the\nOffer to Purchase, copies of which may be obtained by contacting the Tender\nand Information Agent using the contact information set forth above.\n\nNotices of Redemption\n\nIn addition, the Issuer today issued notices of redemption with respect to its\n4.750% senior notes due 2029 (the “2029 Notes”) and its 4.750% senior\nnotes due 2030 (the “2030 Notes”), pursuant to which the Issuer will\nredeem in full the 2029 Notes and the 2030 Notes on June 16, 2026. The\nredemption is conditioned on the consummation of the Merger and the issuance\nof at least $1.8 billion aggregate principal amount of senior debt. On May 14,\n2026, the Issuer priced the previously announced private offering of $1.8\nbillion in aggregate principal amount of senior notes, consisting of $1.1\nbillion aggregate principal amount of 7.000% senior notes due 2031 and $700\nmillion aggregate principal amount of 7.250% senior notes due 2033, which\noffering is expected to close on or around May 29, 2026, subject to customary\nclosing conditions. If the conditions precedent to the redemption are not\nsatisfied (or waived by the Issuer in its sole discretion) on or prior to June\n16, 2026, the Issuer will notify, or cause to be notified, the Holders (i) to\nrescind the redemption notices or (ii) of a delayed redemption date.\n\nAbout Kennedy Wilson\n\nKennedy Wilson (NYSE: KW) is a leading real estate investment company with $36\nbillion of assets under management in high growth markets across the United\nStates, the UK and Ireland. Drawing on decades of experience, its\nrelationship-oriented team excels at identifying opportunities and building\nvalue through market cycles, closing more than $60 billion in total\ntransactions across the property spectrum since going public in 2009. Kennedy\nWilson owns, operates, and builds real estate within its high-quality, core\nreal estate portfolio and through its investment management platform, where\nthe company targets opportunistic equity and debt investments alongside\npartners. For further information, please visit www.kennedywilson.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.kennedywilson.com&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.kennedywilson.com&index=1&md5=bf311c8a7d8fd0aab6ac178d418479ee)\n.\n\nAdditional Information About the Merger and Where to Find It\n\nThis press release is being made in respect of the proposed merger involving\nthe Company and the Consortium. The Company expects to seek, and intends to\nfile with the Securities and Exchange Commission (“SEC”) a proxy statement\nand other relevant documents in connection with a special meeting of the\nCompany stockholders for purposes of obtaining, stockholder approval of the\nMerger (the “Definitive Proxy Statement”). The Definitive Proxy Statement\nwill be sent or given to the stockholders of the Company and will contain\nimportant information about the Merger and related matters. The Company,\naffiliates of the Company and affiliates of the Consortium intend to jointly\nfile a Schedule 13E-3 with the SEC. The Company may also file other documents\nwith the SEC regarding the Merger. This press release is not a substitute for\nthe Definitive Proxy Statement, the Schedule 13E-3 or any other document which\nthe Company may file with the SEC.\n\nINVESTORS AND STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE\nPROXY STATEMENT, THE SCHEDULE 13E-3 AND ANY OTHER RELEVANT MATERIALS CAREFULLY\nAND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN\nIMPORTANT INFORMATION ABOUT THE COMPANY AND THE MERGER.\n\nInvestors may obtain a free copy of these materials (when they are available)\nand other documents filed by the Company with the SEC at the SEC’s website\nat www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.sec.gov&index=2&md5=d478a59817f4fd41fd1199aec6c3d8a1)\nor from the Company at its website at\nhttps://ir.kennedywilson.com/financial-information-and-sec-filings/sec-filings\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.kennedywilson.com%2Ffinancial-information-and-sec-filings%2Fsec-filings&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=https%3A%2F%2Fir.kennedywilson.com%2Ffinancial-information-and-sec-filings%2Fsec-filings&index=3&md5=c8eb2e873b00759750fd23bc5e75a287)\n. The information found on, or otherwise accessible through, the Company’s\nwebsite is not incorporated by reference into, nor does it form a part of,\nthis press release or any other document that the Company files with the SEC.\n\nParticipants in the Solicitation\n\nThe Company and certain of its directors, executive officers and other members\nof management and employees may be deemed to be participants in soliciting\nproxies from its stockholders in connection with the Merger. Information\nregarding the persons who may, under the rules of the SEC, be considered to be\nparticipants in the solicitation of the Company’s stockholders in connection\nwith the Merger will be set forth in the Definitive Proxy Statement for its\nstockholder meeting at which the Merger will be submitted for approval by the\nCompany’s stockholders. You may also find additional information about the\nCompany’s directors and executive officers in the Company’s Amendment No.\n1 to Form 10-K/A, which was filed with the SEC on April 29, 2026, under the\nsections “Director Compensation,” “Executive Compensation,”\n“Security Ownership of Management and Certain Beneficial Owners” and\n“Certain Relationships and Related Transactions”. To the extent holdings\nof the Company’s securities by its directors or executive officers have\nchanged since the amounts set forth in such proxy statement, such changes have\nbeen or will be reflected on Initial Statements of Beneficial Ownership on\nForm 3 or Statements of Changes in Beneficial Ownership of Securities on Form\n4 filed with the SEC. Updated information regarding the identity of\nparticipants and their direct or indirect interests, by security holdings or\notherwise, in the Company will be set forth in the Definitive Proxy Statement\nand other relevant documents to be filed with the SEC, if and when they become\navailable. These documents will be available free of charge as described\nabove.\n\nNo Offer or Solicitation\n\nThis press release is not intended to and shall not constitute an offer to buy\nor sell or the solicitation of an offer to buy or sell any securities, or a\nsolicitation of any vote or approval, nor shall there be any offer,\nsolicitation or sale of securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful prior to registration or qualification\nunder the securities laws of any such jurisdiction. No offer of securities\nshall be made in the United States absent registration under the Securities\nAct of 1933, as amended (the “Securities Act”), or pursuant to an\nexemption from, or in a transaction not subject to, such registration\nrequirements.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of Section 27A of the Securities Act and Section 21E of the Securities\nExchange Act of 1934, as amended, which are made pursuant to the “safe\nharbor” provisions of the United States Private Securities Litigation Reform\nAct of 1995 and any applicable Canadian securities regulations. These\nforward-looking statements are necessarily estimates reflecting the judgment\nof the Company’s senior management based on the Company’s current\nestimates, expectations, forecasts and projections and include comments that\nexpress the Company’s current opinions about trends and factors that may\nimpact future results. Disclosures that use words such as “believe,”\n“may,” “anticipate,” “estimate,” “intend,” “could,”\n“plan,” “expect,” “project” or the negative of these, as well as\nsimilar expressions, are intended to identify forward-looking statements.\n\nForward-looking statements involve significant known and unknown risks and\nuncertainties that may cause the Company’s actual results in future periods\nto differ materially from those projected or contemplated in the\nforward-looking statements. The inclusion of such statements should not be\nregarded as a representation that such plans, estimates or expectations will\nbe achieved.\n\nThere is no assurance that the Merger will be consummated, and there are a\nnumber of risks and uncertainties that could cause actual results to differ\nmaterially from the forward-looking statements made herein as a result of\nvarious factors, including, without limitation: (1) the inability to\nconsummate the Merger within the anticipated time period, or at all, due to\nany reason, including the failure to obtain the necessary stockholder\napproval, or the failure to satisfy the other conditions to the consummation\nof the Merger; (2) the risk that the Merger may be terminated in circumstances\nrequiring the Company or Fairfax, as the case may be, to pay a termination\nfee; (3) the risk that the Merger disrupts the Company’s or Fairfax’s\ncurrent plans and operations or diverts management’s attention from its\nongoing business; (4) the effect of the announcement of the Merger on the\nability of the Company to retain and hire key personnel and maintain\nrelationships with those with whom it does business; (5) the effect of the\nannouncement or pendency of the Merger on the Company’s or Fairfax’s\noperating results and business generally; (6) the significant costs, fees and\nexpenses related to the Merger; (7) the risk that the Company’s or\nFairfax’s stock price may decline significantly if the Merger is not\nconsummated; (8) the nature, cost and outcome of any litigation and other\nlegal proceedings, including any such proceedings related to the Merger and\ninstituted against the Company, Fairfax and/or their respective directors,\nexecutive officers or other related persons; (9) other risks that could affect\nthe Company’s or Fairfax’s business, financial condition or results of\noperations, including those set forth in (i) the Company’s most recent\nAnnual Report on Form 10-K and any subsequent filings, or (ii) Fairfax’s\nmost recently issued Annual Report, which is available at www.fairfax.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.fairfax.ca&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.fairfax.ca&index=4&md5=6844f5fcbd9ff9d5bf62d45e635f8802)\n, and in its Base Shelf Prospectus (under “Risk Factors”) filed with the\nsecurities regulatory authorities in Canada, which is available on SEDAR+ at\nwww.sedarplus.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.sedarplus.ca&index=5&md5=cf869c18c852ff33d31c76c1b342add4)\n; and (10) other risks to the consummation of the Merger, including the risk\nthat the Merger will not be consummated within the expected time or at all.\n\nForward-looking statements are not guarantees of future performance, rely on a\nnumber of assumptions concerning future events, many of which are outside of\nthe Company’s or Fairfax’s control, and involve known and unknown risks\nand uncertainties that could cause the Company’s or Fairfax’s actual\nresults, performance or achievement, or industry results to differ materially\nfrom any future results, performance or achievements, expressed or implied by\nsuch forward-looking statements. These risks and uncertainties may include the\nrisks and uncertainties described elsewhere in this press release and other\nfilings with the SEC and with the securities regulatory authorities in Canada.\nAny such forward-looking statements, whether made in this press release or\nelsewhere, should be considered in the context of the various disclosures made\nby the Company or Fairfax, as applicable, about its businesses including,\nwithout limitation, the risk factors discussed in the Company’s and\nFairfax’s filings with the SEC and the securities regulatory authorities in\nCanada.\n\nIf the Merger is consummated, the Company’s stockholders will cease to have\nany equity interest in the Company and will have no right to participate in\nits earnings and future growth. These and other factors are identified and\ndescribed in more detail in (i) the Company’s most recent Annual Report on\nForm 10-K, which is available online at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.sec.gov&index=6&md5=4bc93d1504ff8eeec655d4f95585df6a)\n, as well as the Company’s subsequent filings, and (ii) Fairfax’s most\nrecently issued Annual Report, which is available at www.fairfax.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.fairfax.ca&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.fairfax.ca&index=7&md5=68c78bae5c511c79acc804bdc209ef88)\n, and in its Base Shelf Prospectus (under “Risk Factors”) filed with the\nsecurities regulatory authorities in Canada, which is available on SEDAR+ at\nwww.sedarplus.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.sedarplus.ca&index=8&md5=3d75b6931ff63686fc23e85d4873e232)\n.\n\nReaders are cautioned not to place undue reliance on forward-looking\nstatements, which speak only as of the date thereof. Except as required by\napplicable law, neither the Company nor Fairfax undertakes any obligation to\nupdate any forward-looking statement, or to make any other forward-looking\nstatements, whether as a result of new information, future events or\notherwise.\n\nKW-IR\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260515580669/en/\n(https://www.businesswire.com/news/home/20260515580669/en/)\n\nInvestors \n\nDaven Bhavsar, CFA\n\nHead of Investor Relations\n\n+1 (310) 887-3431\n\ndbhavsar@kennedywilson.com (mailto:dbhavsar@kennedywilson.com)\n\nMedia \n\nEmily Heidt\n\nManaging Director, Communications\n\n+1 (310) 887-3499\n\neheidt@kennedywilson.com (mailto:eheidt@kennedywilson.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw8bHVRwa","title":"Kennedy Wilson Announces Launch of Tender Offer for Any and All of Its Outstanding 5.000% Senior Notes Due 2031 and Issuance of Notices of Redemption for its 4.750% Senior Notes Due 2029 and its 4.750% Senior Notes Due 2030","author":"Business Wire","ticker":"KW","created":"2026-05-15T20:25:00.132Z","tickers":["KW"],"exchange":"NYSE","article_body":"Kennedy Wilson Announces Launch of Tender Offer for Any and All of Its\nOutstanding 5.000% Senior Notes Due 2031 and Issuance of Notices of Redemption\nfor its 4.750% Senior Notes Due 2029 and its 4.750% Senior Notes Due 2030\n\nKennedy-Wilson, Inc. (the “Issuer”), a wholly-owned subsidiary of global\nreal estate investment company Kennedy-Wilson Holdings, Inc. (NYSE: KW) (the\n“Company” or “Kennedy Wilson”), today announced that it has commenced\nan offer to purchase for cash (the “Offer”) any and all of its outstanding\n5.000% Senior Notes due 2031 (the “Notes”), upon the terms and subject to\nthe conditions set forth in the Offer to Purchase, dated May 15, 2026, as it\nmay be amended or supplemented from time to time (the “Offer to\nPurchase”). The Offer is being made pursuant to the Fundamental Change Offer\nprovisions of the indenture governing the Notes (the “Indenture”) in\nconnection with the proposed acquisition of the Company pursuant to an\nAgreement and Plan of Merger (the “Merger Agreement”), dated as of\nFebruary 16, 2026, as amended on March 15, 2026, by and among the Company,\nKona Bidco, LLC and Kona Merger Subsidiary, Inc. (“Merger Sub”), an entity\naffiliated with a consortium led by William McMorrow, Chairman and Chief\nExecutive Officer of the Company, and certain other senior executives of the\nCompany, and including Fairfax Financial Holdings Limited (“Fairfax”)\n(collectively, the “Consortium”), pursuant to which, subject to the\nsatisfaction of customary closing conditions, Merger Sub would merge with and\ninto the Company, and the Company would continue as the surviving corporation\n(the “Merger”). The consummation of the Merger is expected to constitute a\nFundamental Change under the Indenture.\n\nThe terms of the Offer are set forth in the table below:\n Issuer                    Title of Security                 CUSIP No.      Aggregate Principal Amount Outstanding      Purchase Price (per $1,000 principal amount) ((1))      Accrued Interest                                                  \n Kennedy-Wilson, Inc.      5.000% Senior Notes due 2031      489399AM7      $600,000,000                                $1,010.00 (101.000% of principal amount)                Accrued and unpaid interest to, but excluding, the Purchase Date  \n\n (1)  Per $1,000 principal amount of Notes validly tendered and accepted for           \n      purchase. In addition to the Purchase Price, holders whose Notes are accepted    \n      for purchase will receive accrued and unpaid interest from the last interest     \n      payment date preceding the Purchase Date, as defined below, to, but excluding,   \n      the Purchase Date, subject to the right of holders of record on the relevant     \n      Regular Record Date, as defined in the Indenture, to receive interest due on     \n      the relevant Interest Payment Date, as defined in the Indenture.                 \n\n\nThe Offer is being made in connection with the Merger. The consummation of the\nMerger is expected to constitute a Fundamental Change under the Indenture.\nUnder the Indenture, upon the occurrence of a Fundamental Change, each holder\nhas the right to require that the Issuer purchase such holder’s Notes at a\npurchase price in cash equal to 101% of the principal amount thereof on the\ndate of purchase, plus accrued and unpaid interest, if any, to the date of\npurchase (subject to the right of holders of record on the relevant Regular\nRecord Date to receive interest due on the relevant Interest Payment Date).\nThe Offer is being made in advance of, and conditional upon, the consummation\nof the Merger and the occurrence of the Fundamental Change.\n\nExpiration, Withdrawal and Settlement\n\nThe Offer will expire at 5:00 p.m., New York City time, on or around June 15,\n2026, unless extended or earlier terminated (such time and date, as it may be\nextended, the “Expiration Time”). Holders must validly tender and not\nvalidly withdraw their Notes at or prior to the Expiration Time to be eligible\nto receive the Purchase Price and accrued and unpaid interest.\n\nTenders of Notes may be withdrawn at any time at or prior to 5:00 p.m., New\nYork City time, on June 15, 2026, unless otherwise required by applicable law\n(the “Withdrawal Deadline”). Following the Withdrawal Deadline, tenders\nmay not be withdrawn except as required by applicable law. Notes validly\nwithdrawn may be re-tendered at or prior to the Expiration Time. Payment for\nNotes validly tendered and not validly withdrawn and accepted for purchase is\nexpected to be made promptly after the Expiration Time on June 16, 2026 (the\n“Purchase Date”), in immediately available funds through the Tender and\nInformation Agent and The Depository Trust Company (“DTC”), subject to\nsatisfaction or waiver of the conditions to the Offer.\n\nNo Consent Solicitation\n\nThe Offer is not being made in connection with any consent solicitation, and\nKennedy Wilson is not seeking any amendment, waiver or modification of the\nIndenture governing the Notes in connection with the Offer. Notes not tendered\nand purchased in the Offer will remain outstanding and will continue to be\ngoverned by the existing terms of the Indenture.\n\nTender Procedures\n\nAll Notes are held in book-entry form through the facilities of DTC. To tender\nNotes, holders must instruct their broker, dealer, commercial bank, trust\ncompany or other nominee to tender their Notes through DTC’s Automated\nTender Offer Program (“ATOP”). Beneficial owners should contact their\nbroker, dealer, commercial bank, trust company or other nominee promptly, as\nsuch intermediaries may have earlier internal deadlines.\n\nThere are no guaranteed delivery procedures provided in conjunction with the\nOffer. Holders must tender their Notes in accordance with the procedures set\nforth in the Offer to Purchase at or prior to the Expiration Time in order to\nparticipate in the Offer.\n\nKennedy Wilson is offering to purchase any and all Notes validly tendered and\nnot validly withdrawn pursuant to the Offer. There is no cap and no proration\napplicable to the Offer.\n\nConditions to the Offer\n\nConsummation of the Offer is conditioned upon (i) the Merger being\nconsummated, or being consummated substantially concurrently with the Purchase\nDate, and (ii) the satisfaction or waiver of the general conditions described\nin the Offer to Purchase.\n\nIf the Merger Agreement is terminated or the Merger otherwise fails to be\nconsummated, no Fundamental Change will have occurred, and the Offer will be\nterminated without any Notes being purchased. In such event, tendered Notes\nwill be credited to the account maintained at DTC from which such Notes were\ndelivered, promptly following the date of such termination.\n\nKennedy Wilson has the right, subject to applicable law and the terms of the\nIndenture, to terminate, extend or amend the Offer as described in the Offer\nto Purchase.\n\nNo Recommendation\n\nNone of the Issuer, the Company, the Tender and Information Agent, the Trustee\nor any of their respective affiliates makes any recommendation in connection\nwith the Offer as to whether any holder should tender or refrain from\ntendering all or any portion of the principal amount of such holder’s Notes.\nHolders must make their own decision as to whether to participate in the Offer\nand, if so, the principal amount of Notes to tender.\n\nTender and Information Agent\n\nD.F. King & Co., Inc. has been appointed as tender and information agent\n(the “Tender and Information Agent”) for the Offer. Questions concerning\nthe terms of the Offer and tender procedures and requests for additional\ncopies of the Offer to Purchase should be directed to the Tender and\nInformation Agent by phone (toll-free) at (877) 297-1746 or (all other calls)\nat (212) 256-9073, or by email at kw@dfking.com (mailto:kw@dfking.com) .\n\nOffer Disclaimer\n\nThis press release is for informational purposes only and does not constitute\nan offer to purchase or a solicitation of an offer to sell the Notes. The\nOffer is being made only pursuant to the Offer to Purchase and the related\nmaterials. The complete terms and conditions of the Offer are described in the\nOffer to Purchase, copies of which may be obtained by contacting the Tender\nand Information Agent using the contact information set forth above.\n\nNotices of Redemption\n\nIn addition, the Issuer today issued notices of redemption with respect to its\n4.750% senior notes due 2029 (the “2029 Notes”) and its 4.750% senior\nnotes due 2030 (the “2030 Notes”), pursuant to which the Issuer will\nredeem in full the 2029 Notes and the 2030 Notes on June 16, 2026. The\nredemption is conditioned on the consummation of the Merger and the issuance\nof at least $1.8 billion aggregate principal amount of senior debt. On May 14,\n2026, the Issuer priced the previously announced private offering of $1.8\nbillion in aggregate principal amount of senior notes, consisting of $1.1\nbillion aggregate principal amount of 7.000% senior notes due 2031 and $700\nmillion aggregate principal amount of 7.250% senior notes due 2033, which\noffering is expected to close on or around May 29, 2026, subject to customary\nclosing conditions. If the conditions precedent to the redemption are not\nsatisfied (or waived by the Issuer in its sole discretion) on or prior to June\n16, 2026, the Issuer will notify, or cause to be notified, the Holders (i) to\nrescind the redemption notices or (ii) of a delayed redemption date.\n\nAbout Kennedy Wilson\n\nKennedy Wilson (NYSE: KW) is a leading real estate investment company with $36\nbillion of assets under management in high growth markets across the United\nStates, the UK and Ireland. Drawing on decades of experience, its\nrelationship-oriented team excels at identifying opportunities and building\nvalue through market cycles, closing more than $60 billion in total\ntransactions across the property spectrum since going public in 2009. Kennedy\nWilson owns, operates, and builds real estate within its high-quality, core\nreal estate portfolio and through its investment management platform, where\nthe company targets opportunistic equity and debt investments alongside\npartners. For further information, please visit www.kennedywilson.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.kennedywilson.com&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.kennedywilson.com&index=1&md5=bf311c8a7d8fd0aab6ac178d418479ee)\n.\n\nAdditional Information About the Merger and Where to Find It\n\nThis press release is being made in respect of the proposed merger involving\nthe Company and the Consortium. The Company expects to seek, and intends to\nfile with the Securities and Exchange Commission (“SEC”) a proxy statement\nand other relevant documents in connection with a special meeting of the\nCompany stockholders for purposes of obtaining, stockholder approval of the\nMerger (the “Definitive Proxy Statement”). The Definitive Proxy Statement\nwill be sent or given to the stockholders of the Company and will contain\nimportant information about the Merger and related matters. The Company,\naffiliates of the Company and affiliates of the Consortium intend to jointly\nfile a Schedule 13E-3 with the SEC. The Company may also file other documents\nwith the SEC regarding the Merger. This press release is not a substitute for\nthe Definitive Proxy Statement, the Schedule 13E-3 or any other document which\nthe Company may file with the SEC.\n\nINVESTORS AND STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE\nPROXY STATEMENT, THE SCHEDULE 13E-3 AND ANY OTHER RELEVANT MATERIALS CAREFULLY\nAND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN\nIMPORTANT INFORMATION ABOUT THE COMPANY AND THE MERGER.\n\nInvestors may obtain a free copy of these materials (when they are available)\nand other documents filed by the Company with the SEC at the SEC’s website\nat www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.sec.gov&index=2&md5=d478a59817f4fd41fd1199aec6c3d8a1)\nor from the Company at its website at\nhttps://ir.kennedywilson.com/financial-information-and-sec-filings/sec-filings\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.kennedywilson.com%2Ffinancial-information-and-sec-filings%2Fsec-filings&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=https%3A%2F%2Fir.kennedywilson.com%2Ffinancial-information-and-sec-filings%2Fsec-filings&index=3&md5=c8eb2e873b00759750fd23bc5e75a287)\n. The information found on, or otherwise accessible through, the Company’s\nwebsite is not incorporated by reference into, nor does it form a part of,\nthis press release or any other document that the Company files with the SEC.\n\nParticipants in the Solicitation\n\nThe Company and certain of its directors, executive officers and other members\nof management and employees may be deemed to be participants in soliciting\nproxies from its stockholders in connection with the Merger. Information\nregarding the persons who may, under the rules of the SEC, be considered to be\nparticipants in the solicitation of the Company’s stockholders in connection\nwith the Merger will be set forth in the Definitive Proxy Statement for its\nstockholder meeting at which the Merger will be submitted for approval by the\nCompany’s stockholders. You may also find additional information about the\nCompany’s directors and executive officers in the Company’s Amendment No.\n1 to Form 10-K/A, which was filed with the SEC on April 29, 2026, under the\nsections “Director Compensation,” “Executive Compensation,”\n“Security Ownership of Management and Certain Beneficial Owners” and\n“Certain Relationships and Related Transactions”. To the extent holdings\nof the Company’s securities by its directors or executive officers have\nchanged since the amounts set forth in such proxy statement, such changes have\nbeen or will be reflected on Initial Statements of Beneficial Ownership on\nForm 3 or Statements of Changes in Beneficial Ownership of Securities on Form\n4 filed with the SEC. Updated information regarding the identity of\nparticipants and their direct or indirect interests, by security holdings or\notherwise, in the Company will be set forth in the Definitive Proxy Statement\nand other relevant documents to be filed with the SEC, if and when they become\navailable. These documents will be available free of charge as described\nabove.\n\nNo Offer or Solicitation\n\nThis press release is not intended to and shall not constitute an offer to buy\nor sell or the solicitation of an offer to buy or sell any securities, or a\nsolicitation of any vote or approval, nor shall there be any offer,\nsolicitation or sale of securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful prior to registration or qualification\nunder the securities laws of any such jurisdiction. No offer of securities\nshall be made in the United States absent registration under the Securities\nAct of 1933, as amended (the “Securities Act”), or pursuant to an\nexemption from, or in a transaction not subject to, such registration\nrequirements.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of Section 27A of the Securities Act and Section 21E of the Securities\nExchange Act of 1934, as amended, which are made pursuant to the “safe\nharbor” provisions of the United States Private Securities Litigation Reform\nAct of 1995 and any applicable Canadian securities regulations. These\nforward-looking statements are necessarily estimates reflecting the judgment\nof the Company’s senior management based on the Company’s current\nestimates, expectations, forecasts and projections and include comments that\nexpress the Company’s current opinions about trends and factors that may\nimpact future results. Disclosures that use words such as “believe,”\n“may,” “anticipate,” “estimate,” “intend,” “could,”\n“plan,” “expect,” “project” or the negative of these, as well as\nsimilar expressions, are intended to identify forward-looking statements.\n\nForward-looking statements involve significant known and unknown risks and\nuncertainties that may cause the Company’s actual results in future periods\nto differ materially from those projected or contemplated in the\nforward-looking statements. The inclusion of such statements should not be\nregarded as a representation that such plans, estimates or expectations will\nbe achieved.\n\nThere is no assurance that the Merger will be consummated, and there are a\nnumber of risks and uncertainties that could cause actual results to differ\nmaterially from the forward-looking statements made herein as a result of\nvarious factors, including, without limitation: (1) the inability to\nconsummate the Merger within the anticipated time period, or at all, due to\nany reason, including the failure to obtain the necessary stockholder\napproval, or the failure to satisfy the other conditions to the consummation\nof the Merger; (2) the risk that the Merger may be terminated in circumstances\nrequiring the Company or Fairfax, as the case may be, to pay a termination\nfee; (3) the risk that the Merger disrupts the Company’s or Fairfax’s\ncurrent plans and operations or diverts management’s attention from its\nongoing business; (4) the effect of the announcement of the Merger on the\nability of the Company to retain and hire key personnel and maintain\nrelationships with those with whom it does business; (5) the effect of the\nannouncement or pendency of the Merger on the Company’s or Fairfax’s\noperating results and business generally; (6) the significant costs, fees and\nexpenses related to the Merger; (7) the risk that the Company’s or\nFairfax’s stock price may decline significantly if the Merger is not\nconsummated; (8) the nature, cost and outcome of any litigation and other\nlegal proceedings, including any such proceedings related to the Merger and\ninstituted against the Company, Fairfax and/or their respective directors,\nexecutive officers or other related persons; (9) other risks that could affect\nthe Company’s or Fairfax’s business, financial condition or results of\noperations, including those set forth in (i) the Company’s most recent\nAnnual Report on Form 10-K and any subsequent filings, or (ii) Fairfax’s\nmost recently issued Annual Report, which is available at www.fairfax.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.fairfax.ca&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.fairfax.ca&index=4&md5=6844f5fcbd9ff9d5bf62d45e635f8802)\n, and in its Base Shelf Prospectus (under “Risk Factors”) filed with the\nsecurities regulatory authorities in Canada, which is available on SEDAR+ at\nwww.sedarplus.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.sedarplus.ca&index=5&md5=cf869c18c852ff33d31c76c1b342add4)\n; and (10) other risks to the consummation of the Merger, including the risk\nthat the Merger will not be consummated within the expected time or at all.\n\nForward-looking statements are not guarantees of future performance, rely on a\nnumber of assumptions concerning future events, many of which are outside of\nthe Company’s or Fairfax’s control, and involve known and unknown risks\nand uncertainties that could cause the Company’s or Fairfax’s actual\nresults, performance or achievement, or industry results to differ materially\nfrom any future results, performance or achievements, expressed or implied by\nsuch forward-looking statements. These risks and uncertainties may include the\nrisks and uncertainties described elsewhere in this press release and other\nfilings with the SEC and with the securities regulatory authorities in Canada.\nAny such forward-looking statements, whether made in this press release or\nelsewhere, should be considered in the context of the various disclosures made\nby the Company or Fairfax, as applicable, about its businesses including,\nwithout limitation, the risk factors discussed in the Company’s and\nFairfax’s filings with the SEC and the securities regulatory authorities in\nCanada.\n\nIf the Merger is consummated, the Company’s stockholders will cease to have\nany equity interest in the Company and will have no right to participate in\nits earnings and future growth. These and other factors are identified and\ndescribed in more detail in (i) the Company’s most recent Annual Report on\nForm 10-K, which is available online at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.sec.gov&index=6&md5=4bc93d1504ff8eeec655d4f95585df6a)\n, as well as the Company’s subsequent filings, and (ii) Fairfax’s most\nrecently issued Annual Report, which is available at www.fairfax.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.fairfax.ca&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.fairfax.ca&index=7&md5=68c78bae5c511c79acc804bdc209ef88)\n, and in its Base Shelf Prospectus (under “Risk Factors”) filed with the\nsecurities regulatory authorities in Canada, which is available on SEDAR+ at\nwww.sedarplus.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54536880&newsitemid=20260515580669&lan=en-US&anchor=www.sedarplus.ca&index=8&md5=3d75b6931ff63686fc23e85d4873e232)\n.\n\nReaders are cautioned not to place undue reliance on forward-looking\nstatements, which speak only as of the date thereof. Except as required by\napplicable law, neither the Company nor Fairfax undertakes any obligation to\nupdate any forward-looking statement, or to make any other forward-looking\nstatements, whether as a result of new information, future events or\notherwise.\n\nKW-IR\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260515580669/en/\n(https://www.businesswire.com/news/home/20260515580669/en/)\n\nInvestors \n\nDaven Bhavsar, CFA\n\nHead of Investor Relations\n\n+1 (310) 887-3431\n\ndbhavsar@kennedywilson.com (mailto:dbhavsar@kennedywilson.com)\n\nMedia \n\nEmily Heidt\n\nManaging Director, Communications\n\n+1 (310) 887-3499\n\neheidt@kennedywilson.com (mailto:eheidt@kennedywilson.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-15T20:25:00.204819374Z","server_sent_at_ms":1778876700204},"received_at":"2026-05-15T20:25:00.390Z","source_url":"https://www.businesswire.com/news/home/20260515580669/en/"},"analysis":{"id":"26384","press_release_id":"36940","analysis_json":{"industry":{"label":"Real Estate Services","sector":"Real Estate"},"redFlags":["Merger is conditional on stockholder approval and satisfaction of closing conditions; risk of termination exists.","New debt issuance carries higher interest rates (7.00%-7.25%) compared to existing notes (4.75%-5.00%), indicating increased leverage cost or credit risk."],"eventType":"m_and_a","narrative":"Kennedy Wilson (KW) announced a tender offer to purchase up to $600 million of its 5.000% Senior Notes due 2031 at 101% of par, triggered by the proposed take-private merger led by CEO William McMorrow and Fairfax Financial.\n\nThe company also issued redemption notices for its 4.750% Senior Notes due 2029 and 2030, contingent on the merger closing and the issuance of at least $1.8 billion in new senior debt.\n\nOn May 14, KW priced a $1.8 billion private debt offering consisting of $1.1 billion of 7.000% notes due 2031 and $700 million of 7.250% notes due 2033, expected to close around May 29.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"KW moves closer to take-private deal with debt refinancing and tender offer; watch for proxy filing and stockholder vote."},"keyFigures":{"dealValueUsd":0,"offeringPrice":0,"sharesOffered":0,"customDimensions":{"new_debt_tranche_1":"$1.1 billion","new_debt_tranche_2":"$700 million","tender_offer_price_pct":"101.000%","assets_under_management":"$36 billion","new_debt_offering_total":"$1.8 billion","new_debt_tranche_1_rate":"7.000%","new_debt_tranche_2_rate":"7.250%","new_debt_tranche_1_maturity":"2031","new_debt_tranche_2_maturity":"2033","tender_offer_price_per_1000":"$1,010.00","tender_offer_notes_principal":"$600,000,000"}},"quotedText":"The consummation of the Merger is expected to constitute a Fundamental Change under the Indenture.","namedEntities":{"people":[{"name":"William McMorrow","role":"Chairman and Chief Executive Officer"},{"name":"Daven Bhavsar","role":"Head of Investor Relations"},{"name":"Emily Heidt","role":"Managing Director, Communications"}],"products":[],"companies":[{"name":"Kennedy-Wilson Holdings, Inc.","ticker":"KW","relationship":"filer"},{"name":"Kennedy-Wilson, Inc.","relationship":"issuer subsidiary"},{"name":"Fairfax Financial Holdings Limited","relationship":"acquirer consortium member"},{"name":"Kona Bidco, LLC","relationship":"acquirer entity"},{"name":"Kona Merger Subsidiary, Inc.","relationship":"merger sub"},{"name":"D.F. King & Co., Inc.","relationship":"tender agent"},{"name":"The Depository Trust Company","relationship":"depository"}],"dollarAmounts":[{"amount":"$600,000,000","context":"Aggregate Principal Amount Outstanding of 5.000% Senior Notes due 2031"},{"amount":"$1,010.00","context":"Purchase Price per $1,000 principal amount of Notes"},{"amount":"$1.8 billion","context":"Aggregate principal amount of new senior debt offering"},{"amount":"$1.1 billion","context":"Aggregate principal amount of 7.000% senior notes due 2031"},{"amount":"$700 million","context":"Aggregate principal amount of 7.250% senior notes due 2033"},{"amount":"$36 billion","context":"Assets under management"}]},"materialImpact":{"score":5,"reasoning":"The press release confirms the ongoing merger process (take-private) led by CEO William McMorrow and Fairfax Financial, including a tender offer for outstanding debt and a new $1.8B debt issuance to fund the transaction. This is a definitive, market-moving M&A event."},"tickerRelevance":{"others":[{"ticker":"FFH","relevance":"acquirer consortium member"}],"primary":"KW"},"globalImportance":65,"audienceRelevance":55,"eventTypeSecondary":["debt_offering"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"M&A / Take-Private","sectorWeight":"Real Estate","householdBrandBoost":"low","marketCapAdjustment":"neutral","retailFavoriteBoost":"none"}},"event_type":"m_and_a","event_type_secondary":["debt_offering"],"sentiment":"bullish","material_impact_score":5,"narrative":"Kennedy Wilson (KW) announced a tender offer to purchase up to $600 million of its 5.000% Senior Notes due 2031 at 101% of par, triggered by the proposed take-private merger led by CEO William McMorrow and Fairfax Financial.\n\nThe company also issued redemption notices for its 4.750% Senior Notes due 2029 and 2030, contingent on the merger closing and the issuance of at least $1.8 billion in new senior debt.\n\nOn May 14, KW priced a $1.8 billion private debt offering consisting of $1.1 billion of 7.000% notes due 2031 and $700 million of 7.250% notes due 2033, expected to close around May 29.","key_figures":{"dealValueUsd":0,"offeringPrice":0,"sharesOffered":0,"customDimensions":{"new_debt_tranche_1":"$1.1 billion","new_debt_tranche_2":"$700 million","tender_offer_price_pct":"101.000%","assets_under_management":"$36 billion","new_debt_offering_total":"$1.8 billion","new_debt_tranche_1_rate":"7.000%","new_debt_tranche_2_rate":"7.250%","new_debt_tranche_1_maturity":"2031","new_debt_tranche_2_maturity":"2033","tender_offer_price_per_1000":"$1,010.00","tender_offer_notes_principal":"$600,000,000"}},"named_entities":{"people":[{"name":"William McMorrow","role":"Chairman and Chief Executive Officer"},{"name":"Daven Bhavsar","role":"Head of Investor Relations"},{"name":"Emily Heidt","role":"Managing Director, Communications"}],"products":[],"companies":[{"name":"Kennedy-Wilson Holdings, Inc.","ticker":"KW","relationship":"filer"},{"name":"Kennedy-Wilson, Inc.","relationship":"issuer subsidiary"},{"name":"Fairfax Financial Holdings Limited","relationship":"acquirer consortium member"},{"name":"Kona Bidco, LLC","relationship":"acquirer entity"},{"name":"Kona Merger Subsidiary, Inc.","relationship":"merger sub"},{"name":"D.F. King & Co., Inc.","relationship":"tender agent"},{"name":"The Depository Trust Company","relationship":"depository"}],"dollarAmounts":[{"amount":"$600,000,000","context":"Aggregate Principal Amount Outstanding of 5.000% Senior Notes due 2031"},{"amount":"$1,010.00","context":"Purchase Price per $1,000 principal amount of Notes"},{"amount":"$1.8 billion","context":"Aggregate principal amount of new senior debt offering"},{"amount":"$1.1 billion","context":"Aggregate principal amount of 7.000% senior notes due 2031"},{"amount":"$700 million","context":"Aggregate principal amount of 7.250% senior notes due 2033"},{"amount":"$36 billion","context":"Assets under management"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-15T20:25:43.857Z","global_importance":65,"audience_relevance":55,"importance_components":{"tickerTier":"mid-cap","eventGravity":"M&A / Take-Private","sectorWeight":"Real Estate","householdBrandBoost":"low","marketCapAdjustment":"neutral","retailFavoriteBoost":"none"}},"durationMs":43497,"modelName":"george-droid-qwen-72b"}}