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Kennedy Wilson and AXA IM Alts Complete $510 Million Refinancing of Irish Apartment Portfolio

1. KW refinanced $510 million in maturing debt tied to Dublin and Cork properties. 2. The refinancing secures favorable terms and strengthens KW's financial position.

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FAQ

Why Bullish?

The successful refinancing showcases KW's stability and financial strength, similar to prior successful refinancings leading to stock appreciation.

How important is it?

The refinancing speaks to KW's ability to manage debt effectively, which is critical for growth trajectories.

Why Short Term?

The immediate financial stability from this refinancing should bolster investor confidence shortly.

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DUBLIN--(BUSINESS WIRE)---- $KW--Global real estate investment company, Kennedy Wilson (NYSE:KW), and AXA IM Alts have completed the refinancing of $510 million of maturing debt secured against five stabilized apartment assets in Dublin and Cork, which form part of their 50/50 Irish joint venture (“JV”) established in 2018. A $510 million, five-year facility has been secured from Wells Fargo and Deutsche Bank at competitive terms following a process run by Eastdil, which received strong interest from l.

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