Kennedy-Wilson Holdings Completes $1.6 Billion Going-Private Merger and Debt Restructuring

Kennedy-Wilson Holdings, Inc. completed a going-private merger on June 16, 2026, with Kona Bidco, LLC acquiring the company for $10.90 per share in cash, totaling approximately $1.6 billion in consideration. The merger was financed through a combination of equity and $1.3 billion in debt financing, with Fairfax Financial Holdings providing a standby guarantee. As part of the transaction, the company delisted from the NYSE and will terminate its SEC reporting obligations. Concurrently, the company completed a $1.8 billion debt offering consisting of 7.000% senior notes due 2031 and 7.250% senior notes due 2033, using the proceeds to redeem existing 2029 and 2030 notes and repurchase $594 million of 2031 notes. The entire board of directors resigned effective with the merger, and the company adopted new amended and restated certificate of incorporation and bylaws. The merger represents a significant change of control transaction that takes the company private.