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PacWest Bancorp sells $2.6 billion real estate loans at discount to Kennedy-Wilson unit.

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Source: Yahoo Finance
TL;DR

PacWest Bancorp has agreed to sell a $2.6 billion portfolio of real estate construction loans to Kennedy-Wilson Holdings Inc. at a discounted price of about $2.4 billion, as part of its efforts to shore up liquidity. The portfolio of loans PacWest is selling accounts for more than half of its real estate construction and land loans. PacWest will sell six more loans to Kennedy-Wilson for about $363 million if it wins certain approvals.

Topics:businessfinance#finance#kennedy-wilson-holdings-inc#liquidity#loan-portfolio#pacwest-bancorp#real-estate-loans
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  1. PacWest to Sell $2.6 Billion Real Estate Loans at Discount  Yahoo Finance
  2. PacWest Bancorp to sell real estate loans to Kennedy-Wilson unit  CNBC
  3. PacWest stock gains on deal to sell real estate loans to Kennedy-Wilson arm (NASDAQ:PACW)  Seeking Alpha
  4. PacWest stock pops after selling $2.7 billion in real estate loans  Yahoo Finance
  5. PacWest Bancorp Sells $2.6 Billion Construction Loan Portfolio  MarketWatch

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