Summary
KKR & Co. Inc. (KKR) announced on January 25, 2013, the pricing of a $500 million offering of 5.500% Senior Notes due 2043 by its indirect subsidiary, KKR Group Finance Co. II LLC. These notes are fully and unconditionally guaranteed by KKR & Co. L.P. and other KKR entities, providing investors with a direct credit link to the parent company. The proceeds from this offering are intended for general corporate purposes, indicating KKR's strategy to strengthen its financial flexibility and support ongoing business operations or potential future investments. The offering was conducted under Rule 144A and Regulation S, suggesting it was primarily targeted at institutional investors and non-U.S. persons, with the notes not being registered under the Securities Act of 1933.
Key Highlights
- 1KKR priced a $500 million offering of 5.500% Senior Notes due 2043.
- 2The offering was made by KKR Group Finance Co. II LLC, an indirect subsidiary.
- 3The notes are fully and unconditionally guaranteed by KKR & Co. L.P., KKR Management Holdings L.P., and KKR Fund Holdings L.P.
- 4Net proceeds are intended for general corporate purposes.
- 5The offering was conducted pursuant to Rule 144A and Regulation S.
- 6The notes have not been registered under the Securities Act of 1933 and are subject to restrictions on resale within the U.S.