What is the main purpose of this 8-K filing?

The primary purpose of this 8-K filing is to disclose the pricing of a new debt offering by a subsidiary of KKR & Co. Inc., specifically $500 million in Senior Notes due 2050.

What will KKR use the proceeds from the note offering for?

KKR intends to use the net proceeds from the sale of these notes for general corporate purposes.

Are these notes being offered to the general public in the United States?

The notes were offered pursuant to Rule 144A and Regulation S, meaning they were not registered under the Securities Act of 1933. They may not be offered or sold in the United States unless registered or an exemption applies. This suggests a private placement primarily to institutional investors.

KKR & Co. Inc. 8-K: Regulation FD

Q: Who is guaranteeing the new Senior Notes?

The 3.625% Senior Notes due 2050 are fully and unconditionally guaranteed by KKR & Co. Inc. and KKR Group Partnership L.P.

Summary

KKR & Co. Inc. announced on February 18, 2020, through its indirect subsidiary KKR Group Finance Co. VII LLC, the successful pricing of a $500 million offering of 3.625% Senior Notes due 2050. These notes are fully and unconditionally guaranteed by KKR & Co. Inc. and KKR Group Partnership L.P., indicating a strong commitment from the parent entities. The proceeds from this debt issuance are intended for general corporate purposes, suggesting flexibility in the company's capital allocation strategy.

Key Highlights

1KKR priced a $500 million offering of 3.625% Senior Notes due 2050.
2The notes are issued by indirect subsidiary KKR Group Finance Co. VII LLC.
3KKR & Co. Inc. and KKR Group Partnership L.P. fully and unconditionally guarantee the notes.
4Proceeds from the offering are designated 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.

KKR & Co. Inc. 8-K Report, Regulation FD Disclosure (Feb 19, 2020)

Summary

Key Highlights

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