Kennedy-Wilson Inc. on Monday said that it plans to privately sell $200 million in senior notes, proceeds of which will be used to pay down its credit facility and other debt.

The Beverly Hills real estate investment and service company, which specializes in multi-family housing as well as office and residential properties, said the notes also will be used to pay off some unsecured loans and mortgage loans. The unregistered notes, due in 2019, will be guaranteed by certain subsidiaries of Kennedy-Wilson. It did not disclose the interest rate.

In its fourth quarter earnings report this month, the company said it had been taking advantage of a “historically low interest rate environment” to reduce its cost of corporate and joint venture debt. Last year, it borrowed more than $750 million of joint venture debt through acquisition financing and strategic property refinancing.

Shares were up 3 cents, or less than a percent, to $10.82 in midday trading on the New York Stock Exchange.