Kennedy-Wilson Holdings Said Waived Due Diligence Condition On A Total Of 73 Of The Loans In The Portfolio Under Agreement With Pacwest; Purchase Price For Such 63 Initial Loans And Additional Loans Is A Total Of ~$2.1B
Portfolio Pulse from Charles Gross
Kennedy-Wilson Holdings has waived the due diligence condition on a total of 73 loans in the portfolio under agreement with Pacwest, with a total purchase price of approximately $2.1 billion.
June 05, 2023 | 10:28 am
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POSITIVE IMPACT
Kennedy-Wilson Holdings waives due diligence on 73 loans in agreement with Pacwest, totaling a purchase price of $2.1 billion.
The waiver of due diligence on 73 loans in the portfolio under agreement with Pacwest indicates that Kennedy-Wilson Holdings is confident in the quality of the loans and the potential returns. This could lead to a positive short-term impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Kennedy-Wilson Holdings waives due diligence on 73 loans in the portfolio under agreement with Pacwest, with a total purchase price of approximately $2.1 billion.
The waiver of due diligence on 73 loans in the portfolio under agreement with Kennedy-Wilson Holdings indicates that Pacwest's loans are of high quality and have potential for good returns. This could lead to a positive short-term impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100