XML 84 R32.htm IDEA: XBRL DOCUMENT v3.20.1
KWE Unsecured Bonds (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of KWE Bonds
The following table details KW unsecured debt as of March 31, 2020 and December 31, 2019:
(Dollars in millions)
 
March 31, 2020
 
December 31, 2019
Credit facility
 
$
—

 
$
—

Senior notes(1)
 
1,146.3

 
1,146.1

KW unsecured debt
 
1,146.3

 
1,146.1

Unamortized loan fees
 
(17.7
)
 
(14.4
)
Total KW Unsecured Debt
 
$
1,128.6

 
$
1,131.7

(1) The senior notes balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt discount as of March 31, 2020 and December 31, 2019 was $3.7 million and $3.9 million, respectively.
The following table details KWE unsecured bonds as of March 31, 2020 and December 31, 2019:
(Dollars in millions)
 
March 31, 2020
 
December 31, 2019
KWE Bonds
 
$
619.8

 
$
662.9

KWE Euro Medium Term Note Programme
 
600.6

 
614.7

KWE Unsecured Bonds (excluding loan fees)(1)
 
1,220.4

 
1,277.6

Unamortized loan fees
 
(3.0
)
 
(3.4
)
Total KWE Unsecured Bonds
 
$
1,217.4

 
$
1,274.2

(1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized premium (discount) as of March 31, 2020 and December 31, 2019 was $(2.9) million and $(3.1) million, respectively.