Summary
KKR & Co. Inc. (KKR) reported on September 22, 2010, the pricing of a $500 million offering of 6.375% Senior Notes due 2020 by its indirect subsidiary, KKR Group Finance Co. LLC. These notes are fully and unconditionally guaranteed by KKR & Co. L.P., KKR Management Holdings L.P., and KKR Fund Holdings L.P. The proceeds from this offering are earmarked for general corporate purposes. This offering was conducted under Rule 144A and Regulation S, indicating the notes were primarily offered to institutional investors and non-U.S. persons, and have not been registered under the Securities Act of 1933. Investors should note that these securities are subject to restrictions on resale within the United States unless properly registered or exempt.
Key Highlights
- 1KKR priced a $500 million offering of 6.375% Senior Notes due 2020.
- 2The notes are issued by indirect subsidiary KKR Group Finance Co. LLC.
- 3The notes mature in 2020 and carry a coupon of 6.375%.
- 4The offering includes full and unconditional guarantees from KKR & Co. L.P., KKR Management Holdings L.P., and KKR Fund Holdings L.P.
- 5Net proceeds are intended for general corporate purposes.
- 6The offering was made under Rule 144A and Regulation S, targeting institutional and non-U.S. investors.
- 7The notes are not registered under the Securities Act of 1933 and have resale restrictions in the U.S.