BEVERLY HILLS, CA—International real estate investment and services firm, Kennedy-Wilson Holdings, Inc. has disclosed the pricing of its underwritten public offering of 9,000,000 shares of its common stock at a public offering price of $15.70 per share. The company expects the net proceeds from the offering to be approximately $133.8 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The offering is expected to close on March 20, 2013, subject to customary closing conditions. Kennedy Wilson has also granted the underwriters of the offering a 30-day option to purchase up to 1,350,000 additional shares of common stock. BofA Merrill Lynch, Deutsche Bank Securities and Morgan Stanley are acting as joint book-running managers of the offering. JMP Securities, B.Riley & Co., CJS Securities, Inc. and Sidoti & Company, LLC are acting as co-managers of the offering.

The company expects to use the net proceeds from the offering for general corporate purposes, including future acquisitions and co-investments, and to repay the $35.0 million outstanding balance under its unsecured revolving credit facility. Copies of the preliminary prospectus supplement (or, when available, the final prospectus supplement) and the accompanying prospectus may be obtained via email at [email protected].

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.