Fairfax Announces Completion of Kennedy Wilson Take-Private Transaction

Fairfax Financial Holdings Limited announced the completion of the acquisition of Kennedy-Wilson Holdings, Inc. for US$10.90 per share in cash. This transaction was led by William McMorrow, Chairman and CEO of Kennedy Wilson, along with other senior executives and Fairfax-affiliated entities. While the KW Management Group retains effective control and leadership of Kennedy Wilson, Fairfax holds the majority economic interest. Additionally, an affiliate of the consortium secured a US$1.3 billion term loan facility, with Fairfax providing a stand-by guarantee for the borrower's obligations under certain events. Fairfax, a holding company involved in property and casualty insurance, reinsurance, and investment management, noted that this filing is made under Form 40-F.