Kennedy Wilson Buys $1.6B Initial Tranche Of Loan Portfolio From Pacific Western Bank
Portfolio Pulse from Lekha Gupta
Kennedy-Wilson Holdings Inc (NYSE:KW) has acquired the first tranche of a loan portfolio from Pacific Western Bank, a subsidiary of PacWest Bancorp (NASDAQ:PACW), for $1.6 billion. The deal is part of a previously announced $5.7 billion loan portfolio acquisition. The transaction will add over $2 billion to fee-bearing capital and boost KW's debt investment platform.
June 09, 2023 | 12:33 pm
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NEUTRAL IMPACT
PacWest Bancorp's subsidiary, Pacific Western Bank, sells first tranche of $1.6B loan portfolio to Kennedy-Wilson Holdings.
The sale of the first tranche of the loan portfolio to Kennedy-Wilson Holdings is part of a previously announced $5.7 billion deal. While this transaction may generate some cash for PacWest Bancorp, it is not clear how it will impact the company's overall financial position or growth prospects in the short term. Therefore, the impact on the stock price is neutral.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Kennedy-Wilson Holdings acquires first tranche of $1.6B loan portfolio from Pacific Western Bank, boosting its debt investment platform.
The acquisition of the first tranche of the loan portfolio will add over $2 billion to fee-bearing capital and boost KW's debt investment platform. This is expected to have a positive impact on the company's financial position and growth prospects, making it likely for the stock price to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100