Kennedy-Wilson, Inc. issued $1.8 billion in aggregate principal amount of senior notes. The issuance consists of $1.1 billion of 7.000% senior notes due 2031 and $700 million of 7.250% senior notes due 2033. Proceeds are intended to redeem existing 2029 and 2030 senior notes and purchase 2031 existing notes, contingent upon the completion of a previously announced merger. Gross proceeds are currently held in an escrow account pending the consummation of the merger. If the merger is not completed by November 16, 2026, the notes will be subject to a special mandatory redemption.