Kennedy-Wilson completes take-private merger with Fairfax and management group
Kennedy-Wilson Holdings completed an all-cash acquisition by Fairfax Financial Holdings, Chairman and CEO William McMorrow, and certain senior executives on June 16, 2026. Common stockholders outside the new ownership group received $10.90 per share in cash. The company's common stock ceased trading on the New York Stock Exchange, with Kennedy-Wilson, Inc. issuing $1.8 billion in senior notes ($1.1 billion of 7.000% notes due 2031 and $700 million of 7.250% notes due 2033) to finance the transaction; the proceeds were used to redeem prior debt and repurchase certain outstanding senior notes.
Key facts
- $10.90 per share in cash paid to common stockholders
- $1.8 billion aggregate principal amount of senior notes issued on May 29, 2026
- $1.1 billion of 7.000% senior notes due 2031
- $700 million of 7.250% senior notes due 2033
- $594,152,000 aggregate principal amount of 5.000% senior notes due 2031 repurchased
- Fairfax agreed to provide $1.3 billion debt-financing stand-by guarantee
- Approximately $1.6 billion total cash consideration to equityholders
- June 16, 2026 effective time of merger
- NYSE trading halted and delisting filed on Form 25
- All directors resigned; four Merger Sub directors became initial directors of Surviving Company
Why it matters
The completion ends Kennedy-Wilson's public company status and shifts control to Fairfax and management; the company refinanced its debt through new senior notes while redeeming higher-cost prior obligations, affecting its capital structure and debt maturity profile.
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Derived from 8-K filed 2026-06-16. Not investment advice. View the source filing on SEC.gov →