07:31 AM EDT, 09/13/2024 (MT Newswires) -- Kennedy-Wilson Holdings ( KW ) said Friday that it has expanded its $500 million unsecured revolving credit facility to $550 million in partnership with a group of 10 banks.

The new credit facility has a three-year term and two six-month extension options, the company said. The facility currently has about $175 million of outstanding borrowings.

The company's shares rose more than 2% in recent premarket activity Friday.

Price: 11.09, Change: +0.24, Percent Change: +2.21