Summary
This 8-K filing from KKR & Co. L.P. (KKR) on May 21, 2014, reports on the pricing of a significant debt offering by its indirect subsidiary, KKR Group Finance Co. III LLC. The offering consisted of $500 million aggregate principal amount of 5.125% Senior Notes due 2044, priced at 98.612% of par. These notes are fully and unconditionally guaranteed by KKR & Co. L.P. and other KKR entities, providing investors with an added layer of security. The proceeds from this offering are intended for general corporate purposes, indicating KKR's strategy to strengthen its corporate financial flexibility. The offering was conducted under Rule 144A and Regulation S, suggesting it was primarily targeted at institutional investors and non-U.S. persons, and the notes are not registered under the Securities Act of 1933.
Key Highlights
- 1KKR subsidiary priced $500 million in Senior Notes due 2044.
- 2The notes carry a coupon rate of 5.125%.
- 3The offering price was 98.612% of the aggregate principal amount.
- 4The notes are fully and unconditionally guaranteed by KKR & Co. L.P. and other KKR entities.
- 5Proceeds are designated for general corporate purposes.
- 6The offering was conducted under Rule 144A and Regulation S, targeting institutional and non-U.S. investors.
- 7The notes are not registered under the Securities Act of 1933.