Dec
12
Kennedy Wilson Refinances $334M of Irish Properties
ByEuro-subsidiary completes refinances of seven assets, including office, retail and multifamily properties in the capital city of Dublin. The deal follows this fall’s merger between Kennedy Wilson Holdings and Kennedy Wilson Europe Real Estate.
The wholly owned European subsidiary of Kennedy Wilson has completed two refinancing deals totaling €284 million—$334 million—with the Bank of Ireland. The transactions cover seven assets in Ireland, primarily in the capital city of Dublin.
The refinancing operations extend the weighted average term to maturity to 5.1 years and lower the weighted average cost of the floating rate debt, while releasing €54 million, or roughly $63.6 million, of equity…
