Fairfax Financial Partners, With Kennedy Wilson, To Acquire Loan Portfolio From Pacific Western Bank For ~$2.1B
Portfolio Pulse from Benzinga Newsdesk
Fairfax Financial Partners and Kennedy Wilson (KW) are set to acquire a loan portfolio from Pacific Western Bank (PACW) for approximately $2.1 billion.
June 05, 2023 | 11:58 am
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POSITIVE IMPACT
Kennedy Wilson (KW) is partnering with Fairfax Financial Partners to acquire a $2.1 billion loan portfolio from Pacific Western Bank.
The acquisition of the loan portfolio will likely have a positive impact on Kennedy Wilson's assets and revenue. This partnership with Fairfax Financial Partners could also strengthen their market position and lead to potential future collaborations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Pacific Western Bank (PACW) is selling a loan portfolio worth approximately $2.1 billion to Fairfax Financial Partners and Kennedy Wilson.
The sale of the loan portfolio will result in a cash inflow for Pacific Western Bank, which could be used for other investments or to strengthen their balance sheet. However, the impact on the stock price is uncertain as it depends on how the market perceives the sale and the bank's future plans.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50