Kennedy Wilson and AXA IM Alts have completed the refinancing of $510 million of maturing debt secured against five stabilized apartment assets in Dublin and Cork, Ireland. This transaction addresses a large 2025 maturity for Kennedy Wilson.
A new five-year facility was secured from Wells Fargo and Deutsche Bank on competitive terms, following strong interest from over 30 potential lenders. The refinanced assets comprise 1,689 units and are fully leased with a current occupancy of 99.5%.
This successful refinancing evidences the strength of the underlying apartment market in Ireland and Kennedy Wilson's ability to attract capital. It contributes to the company's efforts to strengthen its balance sheet and manage its debt profile.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.